Why 2022 Is The Best Year To Go Solar

If you were waiting to go solar, this is it.

Quick Read - 5 Minute Read

Solar incentives have not been this lucrative in over 7 years.
Customers who go solar in 2022 can expect to save an additional $1,400 on average.
The NYSERDA block grant incentive increased for this year only.
New York solar incentives are some of the best in the country.

How Is This The Year?

The turn of the new year saw the announcement of Governor Hochul’s plan to power an additional 700,000 New York homes with solar by 2030.¹ The incentives to accomplish this goal haven’t been seen in 7 years.

With the governors announcement came the opening of a new New York State Energy Research and Development Authority (NYSERDA) block grant², a grant which previously gave $.35 per watt now gives $.50 per watt. Gibberish right? What you need to know is the average solar customer can expect to save close to $1,425 more when they buy in 2022 vs 2021.

This block grant once fully utilized will drop a tier, rewarding less money per watt ($.35 per watt to be specific). This means this incentive is first come first served, those who move fast will be rewarded more money.

This new development in combination with the longstanding State and Federal (ITC) incentives cover up to 51% of the total investment via tax credits. Solar has not been this lucrative of an investment for some time and while it’s hard to look into the future, it will most likely never be ever again as renewable energy becomes more main stream.

National Perspective

New York State is widely considered to be the best if not one of the best states to go solar in by national sources.⁴This is due to the plethora of solar incentives and legislation supporting solar. To give full perspective, let’s compare New York to some of the worst states to go solar in.