With sky-high electricity rates and some of the best solar incentives in the nation (alongside the federal Investment Tax Credit), New York ranks among the top 10 states for installing solar panels for businesses and households alike. The deregulated market allows NY residents the option to choose their own electric provider, as well.
Giving residents the ability to select their utility of choice creates competition amongst local power companies, ultimately working out in the customer’s favor. We’ll discuss the areas in New York State that offer the most competitive rates, as well as the utilities with the biggest incentives.
New York has a 50% renewable portfolio standard with a long-term goal of moving to 100% clean energy. Therefore, the state is investing in several renewable energy sources, including solar and wind power. In an effort to help individuals switch to solar, New York offers tax credits, rebates, and net metering.
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