Johnson Park Center (JPC) has taken a bold step toward sustainability by powering its new Johnson Park Green Community Apartments in Utica, NY, with solar energy. GreenSpark Solar's C&I division installed four commercial rooftop solar energy systems totaling 158 kW across four buildings to help deliver climate-friendly homes for residents and significant financial savings for JPC.
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]]>Solar-Powered Community Apartments for Impactful Change
Johnson Park Center (JPC) has taken a bold step toward sustainability by powering its new Johnson Park Green Community Apartments in Utica, NY, with solar energy. GreenSpark Solar’s C&I division installed four commercial rooftop solar energy systems totaling 158 kW across four buildings.
The new community apartment complex, co-developed by JPC and Rockabill, with design provided by SWBR and construction services provided by Pike, features a three-story complex with 51 one-bedroom apartments, two duplexes, and a community center that now houses an expanded food pantry.
Packing a Punch in Environmental and Community Impact
The Johnson Park Green Community Apartments provide residents with climate-friendly homes and deliver significant financial savings for JPC.
All apartments are affordable to households with up to 40 percent of the Area Median Income, with half reserved especially for households needing support services, including seniors and those struggling with homelessness and mental health challenges.
This affordable housing project meets Passive House standards and features Energy Recovery Ventilation systems, high-efficiency variable refrigerant flow air source heat pumps, and ENERGY STAR® appliances, all powered by rooftop solar arrays.
The solar energy systems on the Johnson Park Green Complex will save an estimated $300,000 in energy costs over 25 years while offsetting 134 tons of carbon dioxide annually—the equivalent of eliminating 300,000 miles driven by gas-powered vehicles, charging over 8 million smartphones, or recycling 5,247 trash bags.
Harnessing Affordable Housing Solar Incentives
Affordable housing solar projects like this one may be eligible for bonus tax credits through the Inflation Reduction Act and $1/watt savings through NYSERDA’s grant and competition programs. This project, in particular, won NYSERDA’s Buildings of Excellence criteria in 2021. leveraged $1.2 million in NYSERDA funding and $15 million in Federal Low-Income Housing Tax Credits.
Explore additional funding sources and project details in the HCR press release.
Projects like Johnson Park prove that climate-friendly housing is also affordable housing. When GreenSpark can support projects like this, our work becomes even more meaningful when we see the fruits of our labor have such an impact on our project partners and the community they serve.
Ready to explore solar for your organization or affordable housing project? Let's chat.
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]]>The impact of climate change continues to challenge rural and agricultural businesses, but the Rural Energy for America Program (REAP) offers a significant opportunity to embrace renewable energy while reducing costs. Thanks to the Inflation Reduction Act and other federal and state incentives, eligible businesses can save up to 100% of the project costs for installing solar energy systems. USDA REAP has just been extended through September, 2027.
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]]>The impact of climate change continues to challenge rural and agricultural businesses, but the Rural Energy for America Program (REAP) offers a significant opportunity to embrace renewable energy while reducing costs. Thanks to the Inflation Reduction Act and other federal and state incentives, eligible businesses can save up to 100% of the project costs for installing solar energy systems.
Solar energy isn’t just about sustainability—it’s a smart business move that shields companies from rising utility rates, offers predictable energy costs, and provides significant tax benefits.
Why Solar for Agriculture and Rural Businesses?
Solar energy is now the most cost-effective energy source, empowering agricultural and rural businesses to:
- Save thousands annually through reduced energy costs.
- Minimize tax liability with the 30% Federal Investment Tax Credit (ITC) and equipment depreciation benefits.
- Achieve energy independence by mitigating the impact of volatile utility rates.
- Enhance their sustainability profile and meet rising ESG (Environmental, Social, and Governance), or corporate social responsibility demands, appealing to environmentally conscious customers.
- Transition to solar with $0 upfront capital investment with exclusive commercial solar financing
Qualifying for USDA REAP Solar Funding
USDA REAP supports the following qualifying agricultural producers and small rural businesses.
Agricultural Producers:
Businesses deriving at least 50% of gross income from agricultural operations.
2. Rural Small Businesses:
Located in eligible areas (population ≤50,000) and meeting Small Business Administration size standards. Qualifying entities include private for-profit entities, cooperatives, electric utilities, and certain tribal business entities.
For New York State businesses meeting these requirements, REAP funding can be transformative, offering both grants and guaranteed loans to fund renewable energy projects.
How REAP Works
USDA REAP offers grants, guaranteed loans, and a combination of these as potential funding sources for qualifying agricultural and rural businesses. Here’s a look at each:
USDA REAP Grants:
- Up to 50% of the total project cost
- Up to $1,000,000
USDA REAP Guaranteed Loans:
- Up to 75% of project costs (not exceeding $25 million).
- Loan guarantees cover 80% of the loan amount
How to cover up to 100% of your solar costs
Combine REAP funding with other state and federal incentives to cover up to 100% of your solar project costs, including:
- A 30% federal tax credit
- Equipment depreciation benefits
- State-level incentives like the NYSERDA grant
Together, these programs can reduce the total project cost to zero for qualifying businesses.
REAP Success Stories for Agriculture and Rural Businesses
These businesses showcase the power of solar energy and REAP funding to transform operations, cut costs, and increase sustainability.
Cherry Lawn Fruit Farms, located in Sodus, New York, benefited from a USDA REAP grant for their first solar installation and has been approved for REAP again to help fund an expansion.
Upstate Door, located in Warsaw, New York, has installed two ground-mounted solar installations to support its operations. Phase 1 was awarded USDA REAP funding.
Pourware Inked, located in Macedon, New York, leveraged a REAP Grant to reduce its net cost of going solar to zero and help fund its expansion to a larger facility.
Key Deadlines for REAP Applications: 2025 - 2027
GreenSpark Solar supports agricultural and rural businesses through the REAP application process. However, to meet your targeted project timeline, it’s imperative to start the process as early as possible.
Here are the current application windows for FY 2025–2027:
- FY 2025: December 31, 2024, and March 31, 2025
- FY 2026: September 30, 2025, December 31, 2025, and March 31, 2026
- FY 2027: September 30, 2026, December 31, 2026, and March 31, 2027.
The program accepts applications from July 1 to March 31 each year, with no submissions accepted between April 1 and June 30.
Take the next Step
Explore how a REAP solar grant or loan can benefit your business. Whether you’re looking for energy savings, reduced tax liability, or a more sustainable future, GreenSpark Solar is here to help. Get in touch with us today to start the process.
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]]>Leading the Clean Energy Charge for Rochester-Area Businesses In 2024, SimuTech Group, a Rochester-based engineering consultancy, made a bold leap into sustainable energy by installing a 90.21 kW rooftop solar array, reinforcing their commitment to eco-conscious innovation. For over 40 years, SimuTech Group has empowered clients to drive breakthroughs with cutting-edge engineering solutions, utilizing the […]
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]]>Leading the Clean Energy Charge for Rochester-Area Businesses
In 2024, SimuTech Group, a Rochester-based engineering consultancy, made a bold leap into sustainable energy by installing a 90.21 kW rooftop solar array, reinforcing their commitment to eco-conscious innovation.
For over 40 years, SimuTech Group has empowered clients to drive breakthroughs with cutting-edge engineering solutions, utilizing the full suite of Ansys simulation products and a team of industry experts. Serving clients across North American sectors—spanning automotive, aerospace, clean energy, and beyond—SimuTech’s dedication to forward-thinking led them to embrace solar. This choice not only aligns with their values but also cuts energy costs, making a positive environmental impact.
Leading by Example: Setting the Standard for Rochester Businesses
Just one month into solar operations, James Sullivan, SimuTech Group’s Corporate Controller, reported a 50% drop in the energy bill. Overall, SimuTech will save an estimated $7,000 annually and over $243,000 by year 25 thanks to their commercial solar array. However, SimuTech’s decision to go solar goes beyond savings.
Commented John Ilijevski, COO of SimuTech Group, “The expected impact is not only cost savings; it’s also about establishing ourselves as leaders in the community. We’re a perennial Rochester Top 100 company and a repeated D&C Top Workplace, and frankly, to me, this is about leadership and setting an excellent example for other local businesses.”
Environmental Impact by the Numbers
SimuTech’s solar array will offset over 75 tons of CO2 emissions each year—equivalent to eliminating 170,000 miles driven by gas-powered cars or keeping 3,011 trash bags out of landfills. These efforts signal a lasting impact on both their bottom line and the planet.
Harnessing Financial Incentives
The NYSERDA grant and the 30% Federal Investment Tax Credit (ITC) that will reduce tax liability for SimuTech Group supported their investment, making the switch to solar both financially savvy and environmentally beneficial. These commercial solar incentives are helping businesses like SimuTech pave the way for a cleaner, greener future.
Ready to explore solar for your business? Let's chat.
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]]>Are you exploring new ways to reduce tax liability for your business? Solar energy offers a powerful way to reduce operating costs, lock in energy stability, and access substantial tax benefits. Here are four reasons why switching to solar can significantly affect your tax strategy.
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]]>4 Reasons Why Your Business Should Go Solar for Tax Season
Are you exploring new ways to reduce tax liability for your business? Solar energy offers a powerful way to reduce operating costs, lock in energy stability, and access substantial tax benefits.
Here are four reasons why switching to solar can significantly affect your tax strategy.
1. Reduce Tax Liability with the 30% Federal Investment Tax Credit (ITC) 
For commercial solar projects, the ITC offers a direct federal tax credit equal to 30% of your investment in solar energy. For the sake of simple math, if your company spends $100,000 on solar, that means up to $30,000 off your federal tax bill. This credit, paired with other deductions, makes solar a valuable tool in managing your company’s tax burden.
2. Accelerated Depreciation with MACRS and Bonus Depreciation 
Solar investments allow businesses to benefit from accelerated depreciation through the Modified Accelerated Cost Recovery System (MACRS). With MACRS, solar equipment qualifies for a five-year depreciation period, enabling businesses to spread their deductions faster than traditional asset depreciation. Combined with the ITC, this dual benefit makes solar one of the most powerful ways to reduce tax liability with renewable energy.
Additionally, bonus depreciation—also known as the additional first-year depreciation deduction—allows companies to take an immediate deduction for a large portion of the investment in the year of installation. This benefit enables companies to reduce tax liability upfront and redeploy capital into other areas faster. This benefit enables companies to minimize tax liability upfront, redeploy capital into other areas faster, and achieve substantial tax savings, contributing to positive cash flow.
Check the Solar Energy Industries Association’s (SEIA) article on MACRS and bonus depreciation for more details.
3. Safe Harbor to Lock in Tax Benefits 
We’ve all heard the phrase “the best-laid plans.” If your solar project isn’t fully completed by year-end, Safe Harbor provisions let your business lock in the current ITC percentage, provided your project meets specific criteria. GreenSpark Solar’s experts guide you through Safe Harbor requirements, ensuring you secure these savings even if project timelines shift.
Enhance Corporate Sustainability & Strengthen ESG Profiles 
Investing in solar does more than lower tax liability and energy expenses—it enhances your Environmental, Social, and Governance (ESG) profile, aligning your brand with corporate sustainability.
ESG indexes continue to outperform their counterparts, with a recent study highlighting that the S&P 500 ESG Index has outperformed the S&P 500 by a cumulative 15.1% over five years.
As ESG-focused indexes consistently outperform their counterparts, solar becomes an asset for improving both financial performance and environmental impact, helping your business meet net-zero goals while reducing your tax burden.
Ready for a free solar consultation? We can help.
Our team at GreenSpark Solar is here to help you navigate how to reduce your tax liability and achieve your financial and clean energy goals with solar.
Disclaimer: This article provides an informational overview of tax incentives, including MACRS, to help business owners understand potential benefits of solar. It is not intended as financial or tax advice. Business owners considering solar installations should consult a licensed tax professional to assess their specific financial situation and eligibility for tax incentives.
Let's Chat.
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]]>As energy costs rise and climate concerns grow, many New York State businesses seek clean energy investments that can reduce operating expenses while contributing to a greener future. One of the most powerful tools to achieve both goals is to leverage solar energy for your business. With federal interest rates declining, ownership of solar panels […]
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]]>As energy costs rise and climate concerns grow, many New York State businesses seek clean energy investments that can reduce operating expenses while contributing to a greener future. One of the most powerful tools to achieve both goals is to leverage solar energy for your business. With federal interest rates declining, ownership of solar panels through a loan or lease is an attractive option for a business interested in going solar.
Installing solar panels on your commercial building is not just a sustainable investment; it also provides significant financial advantages. With $0 down commercial solar financing options and incredible federal and New York State incentives that reduce the cost of solar panels for your business, the transition to clean energy is more accessible than ever.
Let’s explore how solar panels can benefit your business and how GreenSpark Solar, the region’s leading clean energy provider, can guide you through every step of the process.
How solar can empower your New York State business
Installing solar panels on commercial buildings offers immediate and long-term benefits for businesses in New York. Here are a few key reasons why switching to solar should be a top consideration:
- Lower energy costs: Solar power enables businesses to trade unpredictable utility bills for a low, fixed loan or lease payment. This cost stability protects businesses from energy price fluctuations, helping with long-term financial planning.
- $0 down investment: Whether you choose to own or lease your commercial solar array, GreenSpark Solar offers financing options that require no initial capital investment. Businesses can go solar without straining their cash flow, allowing them to focus on growth while reducing operating expenses.
- Positive corporate sustainability impact: Beyond financial savings, going solar allows businesses to demonstrate their commitment to corporate sustainability.
- 80% of consumers believe Corporate America has a responsibility to address climate change. Going solar satisfies this consumer demand and increasing stakeholder pressure.
- More than 90% of sustainable indexes outperformed the competition. A solar investment can enhance your company’s reputation as a leader in your community in combating the climate crisis and appeal to more eco-conscious consumers and stakeholders.
- 80% of consumers believe Corporate America has a responsibility to address climate change. Going solar satisfies this consumer demand and increasing stakeholder pressure.
Financing options for commercial solar panels
GreenSpark Solar provides a range of flexible financing solutions tailored to businesses’ needs, making it easier to adopt solar energy. Whether you choose to own your commercial solar equipment outright or opt for a lease-to-own arrangement, there’s a financing option that fits your goals.
1. Solar panel ownership
Owning your solar array is one of the most rewarding ways to secure your energy future. With GreenSpark’s solar-specific commercial financing through Tompkins Community Bank, you can finance up to 100% of your project with competitive interest rates and flexible loan terms ranging from 5 to 20 years.
Solar ownership puts you on a path to significant savings as you gradually eliminate your utility costs while reaping the benefits of state and federal incentives.
2. Leased solar panels
GreenSpark also offers a lease-to-own option. In this arrangement, businesses benefit from lower, subsidized monthly lease payments for a short-term lease contract on their solar array (typically 6 or 7 years). Lease payments are 100% tax-deductible, and companies can purchase the system at a discounted price at the end of the contract term.
This arrangement is an option for any business; however, it’s especially attractive for businesses that cannot directly utilize federal tax credits—such as S Corps or LLCs. They’ll benefit from reduced energy costs, clean, local solar energy, and a stable, short-term lease payment with the option to purchase the array outright at the end of the lease term for a predetermined buyout.
3. Power Purchase Agreement (PPA)
Not every commercial site is suitable for traditional solar installations, but GreenSpark Solar offers solutions for businesses of all types. For those sites that may not make ideal candidates for a solar installation, or where the available financing options don’t align with business goals, community solar, or Power Purchase Agreements (PPAs) are available.
PPAs enable businesses to purchase power generated by an on-site or offsite solar installation at a predetermined rate without the need to own the system outright. This allows you to power your business using clean, locally generated energy and fulfill corporate sustainability goals without a capital investment or installation of an array on your commercial property.
This is a preferable route for organizations and institutions that may not have tax liability or may want to achieve corporate sustainability goals in an easy and streamlined way.
State and federal incentives for commercial solar
New York businesses benefit from various financial incentives when they switch to solar. These incentives significantly reduce the upfront costs of going solar, improving the return on investment for businesses of all sizes.
1. Federal incentives through the Inflation Reduction Act (IRA)
- Federal Investment Tax Credit (ITC): The ITC offers a 30% tax credit on the total cost of your solar energy system. The Inflation Reduction Act (IRA) extended this credit until 2034, making solar even more attractive for businesses looking to lower their tax liabilities. For non-profits, municipalities, and tribal institutions, the ITC is available as direct pay tax credit.
- Bonus Tax Credits: Your business may be eligible for additional tax credits based on your location and business type. Bonus credits are available for meeting certain domestic content requirements, locating in energy communities, or allocated credits for affordable housing projects. As part of our consultation process, our team will help you maximize all available incentives your organization is eligible for.
- USDA Rural Energy for America Program (REAP): The USDA REAP grant provides additional funding to agricultural and rural businesses that go solar, covering up to 50% of the project cost. This grant is stackable with the ITC and NYSERDA grant, which when combined, can cover up to 100% of your project costs. Please visit the USDA’s REAP portal for up-to-date enrollment information.
2. New York State Incentives
NYSERDA NY-Sun Program: The New York State Energy Research and Development Authority (NYSERDA) NY-Sun program provides grant funding for commercial solar installations. When working with GreenSpark, we help you secure this grant, which will reduce the total cost of your solar project.
On average, our commercial customers save about $50,000 right off the top. This grant block is time-sensitive and subject to funding availability.
3. MACRS Depreciation
In addition to grants and tax credits, businesses that install solar panels can take advantage of the Modified Accelerated Cost Recovery System (MACRS), which allows them to depreciate the cost of solar equipment over five years.
This depreciation benefit creates additional tax savings and improves the financial outlook of your solar investment.
Here’s an example of how one of our commercial solar customers, Pourware Inked, was able to stack these federal and state incentives to reduce the net cost of their solar project to zero.
Custom solutions for every business
By investing in solar panels for your commercial building, you’re investing in both your business and your community’s clean energy future. GreenSpark Solar’s experienced team and our local financing partners will help you navigate the available incentives and financing options to find the best fit for your organization. With $0 down, your business can start saving on energy costs and reinvesting those savings into growth.
Are you ready to see how solar can power your business?
Contact GreenSpark Solar today to learn more about the available grants, tax incentives, and financing options.
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]]>Are you exploring solar energy for your home? You're not alone! As utility rates continue to rise while interest rates are coming down, more Western New York homeowners are considering the switch to solar. As the region's most trusted clean energy company for over 20 years, we're breaking down how to buy solar panels for your home, the benefits of ownership, and how much each option saves against increasing utility costs.
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]]>Are you exploring solar energy for your home? You’re not alone! As utility rates continue to rise while interest rates are coming down, more Western New York homeowners are considering the switch to solar. As the region’s most trusted clean energy company for over 20 years, we’re breaking down how to buy solar panels for your home, the benefits of ownership, and how much each option saves against increasing utility costs.
Increasing utility rates vs. stable solar energy costs
First, let’s talk about why solar ownership is the way to go and how that compares to what you’re currently paying to the utility for your electricity.
Solar ownership provides the most significant long-term energy savings and protection from increasing utility rates.
As illustrated by this graph, over 25 years, here is what you would pay for solar ownership versus what you would pay to the utility for our average residential solar array.
- Total Paid to the Utility: $115,631
- Total Solar Loan Payments: $37,081
- Solar Cash Payment: $17,817
As you can see, on average, homeowners who go solar save over $78,000 over 25 years. This projection is based on GreenSpark Solar’s average residential solar array, and the starting utility rates as of October 2024.
This savings estimate is even a bit conservative estimate given that:
- Utility rate hikes are closer to 15%: Rochester utility rate hikes have been increasing at a higher rate year-over-year than this graph projects. National Grid is proposing a 15% increase for 2025 alone, and RG&E rate hikes of over 5% are already underway (a total increase of 16% over three years).
- Federal Interest rates are declining: Interest rates have already come down a half percentage point as of September 2024 and will likely continue to come down over the next year, making the return on investment for solar financing even more substantial as rates continue to come down.
- Solar lifespan is typically greater than 25 years: Solar equipment warranties are at least 25 years; however, a solar array’s lifetime is usually well beyond this, especially when you’re working with a local, trusted solar company like GreenSpark that provides full operations and maintenance plans to keep your energy system running smoothly.
Next, let’s explore each option for buying solar panels for your home.
Ways to Buy Solar Panels for Your Home
1. Cash purchase:
The most financially savvy way to buy solar panels for your home is through a cash purchase. Purchasing your panels outright not only allows you to take advantage of all of the Federal and State residential solar incentives but you’ll also:
- See immediate energy savings without a monthly solar loan
- Enjoy a return on your investment sooner through a shorter payback period
- Add immediate value to your home (about 4.1%, on average)
2. Solar loan:
Solar financing is the most common way to buy solar panels for your home. Like financing a car, you’ll make fixed monthly payments over the loan term, usually 5–25 years. You have multiple options for solar financing, including two incredible solar-specific financing offers through GreenSpark and NYSERDA (New York Solar Energy Research and Development Authority).
GreenSpark Solar Financing
GreenSpark offers exclusive solar financing that offers competitive interest rates for a low fixed monthly loan payment and:
- $0 down financing for up to 100% of your solar project
- No payments for six months, which means immediate savings on your energy costs
- Fixed payment for the life of your loan, which becomes more valuable over time as utility rates increase or we experience periods of inflation.
- Lien is secured by the solar equipment, not by the equity in your home!
- Easy, accessible credit qualification
NYSERDA Smart Energy Loan
In addition to GreenSpark’s financing, NYSERDA offers a Smart Energy Loan with incredibly attractive interest rates. With this loan option, you can:
- Finance up to $25,000 of your project costs
- Secure a competitive interest rate as low as 3.49 for eligible homes (check your interest rate here!)
- Supplement other solar project funding sources if needed.
Personal Loan
Last but not least, you may use a personal or home equity loan (HELOC) to buy solar panels for your home. This option may be most appealing for homeowners who have accumulated a great deal of equity in their homes or can secure a stronger interest rate offer through a preferred financial institution.
What’s the best option for buying solar panels for your home?
The bottom line? There’s no “right” way to buy solar panels for your home. You can combine financing options as needed. Here is an example of how a GreenSpark residential customer used a combination of solar incentives and financing options to fund their solar project and reduce their final out of pocket cost.
Our team will work with you one-on-one to evaluate the best financing plan for your energy and budgetary needs.
Get a Customized Solar Plan for Your Home
Ready to explore solar for your home? Use the form below to speak with our team about how much you could save and the best financial plan for your budget.
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]]>Many businesses and homeowners considering solar and professionals in the solar industry wonder what the election outcome might mean for the Inflation Reduction Act (IRA) and the future of solar tax credits. As a New York State clean energy leader and solar policy expert, we want to share what we do know and provide assurance and actionable insights for those considering a transition to solar.
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]]>As the 2024 election approaches, many businesses and homeowners considering solar and professionals in the solar industry wonder what the election outcome might mean for the Inflation Reduction Act (IRA) and the future of solar tax credits. After all, across the board, these policies and incentives have been game changers in the rate of solar adoption for both residential and commercial entities.
The short answer is that no one can truly know the answer; however, as a New York State leader in clean energy and solar policy expert, we want to share what we do know and provide assurance and actionable insights for those considering a transition to solar.
The maturation of the renewable energy industry
The solar industry has seen a huge boom since the signing of the nation’s most historic climate bill—the Inflation Reduction Act. The industry is stable. It’s matured. It’s out of its infancy stage of early adopters. Infrastructure is in place. Domestic production has skyrocketed. And education abounds.
Across the board, the progress and impact we’ve seen has been profound:
Solar for Businesses
The landmark legislation has been a game-changer for business owners considering solar energy, offering substantial tax breaks and subsidies to support clean energy investments. These incentives have led to a surge in private investments and job creation, particularly in Republican-leaning states.
Solar for Homeowners
For homeowners exploring solar, the current tax credits under the IRA and state-led incentives like the 25% New York State tax credit and the NYSERDA NY-Sun grant have made solar more affordable than ever. These credits and grants reduce the upfront cost and make the long-term savings on energy bills incredibly attractive.
Solar Industry
The IRA has been a major boon for those working in the solar industry, driving unprecedented growth in domestic solar manufacturing and installation projects. According to NYSERDA, clean energy jobs in New York State grew by 8.4% from 2020 to 2022, outpacing economy-wide employment growth.
The Inflation Reduction Act and the 2024 election
Regarding policy and the 2024 election, the Inflation Reduction Act and clean energy policy have been a hot topic; however, wind and electric vehicles have borne the brunt of the criticism. When it comes to solar development, there is a more bipartisan appeal for the benefits it has produced:
- According to research from Fidelity, traditionally Republican states accounted for 58% of the projects announced under the IRA.
- According to S&P Global Commodity Insights, Texas is the leading US renewables market and has attracted roughly $75 billion in private sector and federal funding commitments for clean energy and transportation projects.
- 77% of Republicans view wind and solar as favorable, according to Pew Research.
There is also nearly unanimous agreement that the IRA is simply too big to roll back. As Matt Breidert, senior portfolio manager at renewable energy investment firm Ecofin, commented in Solar Power World’s IRA Outlook, “It would take a substantial or definitive [Republican] victory with margin to effectuate a meaningful change in the IRA. In the absence of a sweep of the House, the Senate, and the presidency, it will be difficult to materially change the IRA.”
Solar Tax Credits and the 2024 Election
The biggest question on everyone’s mind right now as they consider whether or not to start their solar journey is, “Are solar tax credits going away?” And the answer is no—at least not for 2025.
No matter what happens with the 2024 election, any business or homeowner that goes solar between now and December 31, 2025, can take advantage of the current tax credit incentives, which are historically strong:
- 30% Federal Investment Tax Credit (ITC): This tax credit applies to businesses and homeowners who go solar and includes battery storage.
- The NYSERDA NY-SUN Grant: This New York State grant program offers $.20/watt for residential solar projects and $.25/watt for commercial solar projects.
- For our average 2024 commercial solar installation (~200kW), this reduces the cost of going solar by about $50,000.
- For our average 2024 residential solar installation (~11kW), this reduces the cost of going solar by about $2,000.
- This grant program is time-sensitive, though, regardless of the presidential election results. Once it’s fully claimed, there is no guarantee of another block.
- For our average 2024 commercial solar installation (~200kW), this reduces the cost of going solar by about $50,000.
- 25% New York State Tax Credit: This tax credit applies to homeowners who go solar and is stackable with the Federal ITC.
New York State's Climate Goals are Steadfast
New York State is pro-solar, and the Presidential Election won’t affect its aggressive climate goals. No matter who holds the POTUS title, New York State has always stepped up to fill the void by taking climate action and securing the viability of switching to clean energy.
So, while administration changes may have some trickle-down impacts, we know that the renewable energy industry and homeowners and businesses looking to go green will always have New York State’s support.
Renewable Industry Advocates
We’ve got some incredibly powerful and influential organizations that will continue backing and doing all they can to support the growth of renewable energy.
Three such organizations include:
- NYSERDA: The New York State Energy Research and Development Authority (NYSERDA) has been working to advance clean energy solutions in New York State since 1975. As a public benefit corporation, NYSERDA offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, and reduce reliance on fossil fuels.
- NYSEIA: The New York Solar Energy Industries Association (NYSEIA) advocates for the sustainable growth of solar energy across New York State. NYSEIA gives solar businesses a coordinated voice in the policy and regulatory proceedings that influence the growth of the New York solar market. GreenSpark CEO Kevin Schulte is a proud board member who actively works to affect clean energy policy and will continue to do so.
- AMICUS: GreenSpark Solar CEO Kevin Schulte is on the Board of Directors of the Amicus Solar Cooperative and heads the Policy Committee. This organization supports over 80 solar companies across the US and Canada. Through it, GreenSpark negotiates industry-best pricing on top-quality solar equipment, shares resources, and supports one another as our industry evolves. No matter the election outcome, Amicus will continue to support and guide our members and, in turn, our customers.
2024 Election and Renewable Energy: The Bottom Line
There is always the potential for policy change (election or no election). What we are sure about is that there are incredible incentives on the table right now that will be available at least through 2025, which homeowners and businesses can secure by getting on the books before year-end.
Though the outcome of the election and its long-term impact on policies and incentives are uncertain, we’re encouraged by the fact that solar is now widely adopted, there is bipartisan support, and our industry has made tremendous strides over the last twenty years to withstand another four and beyond. So, whatever the result of the 2024 election, solar and GreenSpark are not going anywhere.
Watch our webinar on-deand for more insights
How will the election results shape the future of solar in New York State? Watch the exclusive debrief with Matt Vanderbrook, GreenSpark’s Director of Commercial Origination and solar policy expert. He shares what the election outcomes mean for solar policy, tax incentives, and industry growth.
Request access to this webinar on-demand at the link below.
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]]>As residential solar becomes increasingly popular, many New York homeowners find themselves in a unique situation when it comes time to sell their properties. Understanding how to best market and sell your solar-powered home can make a significant difference in your experience. Here are answers to the most asked questions and tips for successfully selling your house with solar panels.
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]]>Homeowners' guide to buying a house with solar panels
As residential solar becomes increasingly popular, many New York homeowners find themselves in a unique situation when it comes time to sell their properties. Understanding how to best market and sell your solar-powered home can make a significant difference in your experience. Here are answers to the most asked questions and tips for successfully selling your house with solar panels.
Before you go, be sure to request your downloadable guide to buying and selling a home with solar.
The value of solar panels in real estate
First, let’s cover what kind of value solar panels add to home values and how to ensure you’re marketing this upgrade accordingly.
How much do solar panels add to your home value?
Homes with solar panels generally sell for more than homes without them. According to Zillow’s Home Value Study, homes with solar panels sold for 4.1% more on average, translating to an additional $9,274 for a median-valued home.
Additionally, environmentally conscious features like solar panels can help homes sell faster. Another Zillow study on home features highlights that houses with eco-friendly features, including solar panels, can sell up to 10 days faster than similar homes without these features.
Is it harder to sell a house with solar panels?
Contrary to what some might believe, selling a house with solar panels isn’t much different than selling a home without them. Still, there are a few things to consider. Primarily, the factors that affect how easy or difficult the sale is are your ownership status and how educated your market is on the benefits (which we’ll get into next!).
Data from Rocket Homes shows that homes with solar panels spent 13.3% less time on the market than homes without solar power. This statistic indicates that buyers, more often than not, understand the value of solar panels and see them as a selling point.
The bottom line? If you’re selling a house with solar panels, market this feature effectively to help attract more prospective buyers and help it sell quicker than similar homes.
Communicating the benefits of solar to prospective buyers
For buyers, purchasing a home with solar panels offers several advantages that you should work with your realtor to effectively communicate, including:
Energy savings:
Depending on the size of your array, you may be covering most, if not all, of your home’s annual energy needs. With electricity rates expected to continue increasing (National Grid proposed a 15% increase in 2025!), providing potential buyers with your past electric bills to showcase these savings can be very persuasive in selling your home with solar panels.
Environmental impact:
A home with solar panels is especially attractive for environmentally conscious buyers. The environmental impact of our average residential solar array (11.2 kW) is huge, and is the equivalent of:
- Over 22,000 gas-powered miles avoided
- More than 550,000 smartphones charged
- 374 trash bags recycled instead of sent to landfill
You can calculate your home’s eco-impact using the EPA’s Greenhouse Gas Equivalencies Calculator to showcase to prospective buyers. Here’s what to do!
- Take your system size Kilowatt (kW) (ex. 11.52kW, which can be found in your owner’s manual) and multiply it by 1,100. This will give you the Kilowatt-hours (kWh) of your system (ex. 11.52 kW x 1100 = 12672 kWh).
- Enter the kWh number you just calculated into the “Amount” box and select the Unit “Kilowatt-hours avoided”. Then click “Convert data” to view your home’s eco-impact!
Increased property value:
As mentioned, solar panels can add value to the home, benefiting the buyer in the long term. Make sure you emphasize this as much as you would a kitchen upgrade or a finished basement. It’s a major home improvement project that has a big impact!
For even more on this topic, review our guide to buying a home with solar.
Preparing to sell a home with solar
1. Documentation and presentation
- Provide savings details: Share your electric bills to demonstrate how much your solar array saves in energy costs, along with this net metering overview to help explain this process to new solar owners. These details are especially important during the sales process!
- Offer complete documentation for your solar array: To ensure a smooth transition, collect all available documentation for your solar array, which may include your owner’s manual, warranties, and installer contact information. Having this readily available will help facilitate the seamless ownership transfer.
- Highlight any completed maintenance or updates made: Before solar is installed, roof replacements and electrical upgrades are often made. If you made any electrical upgrades or replaced your roof before installing solar panels, mention these to prospective buyers and reassure them that the roof and panels will require minimal maintenance.
2. Working with your realtor
Ensure your realtor understands the value of your solar system and can articulate this to potential buyers. They should know the benefits of buying a home with solar and how to present these to appraisers and buyers. If they are unfamiliar, GreenSpark can help! Reach out with your questions to [email protected].
Also, communicate the ownership status of your solar array and how you would like to handle the transfer with prospective buyers. There will be more guidance on this topic next!
3. Transferring ownership of your solar panels
Paid off solar panels
The most straightforward scenario is when the solar panels are fully paid off. In this case, the panels add direct value to the property, and you can list your home at a higher price to reflect this.
Financed solar panels
If you have financed your solar panels, you will likely need to pay off the loan at or before closing. Mortgage companies generally require this to ensure the new homeowner isn’t taking on additional debt.
Solar lease or Power Purchase Agreement (PPA)
Selling a home with a solar lease or PPA can be more complicated. Here are the options:
- Prepayment: The seller can prepay the remainder of the contract, allowing the buyer to assume the solar system without additional payments.
- Assignment: The buyer takes over the payments and responsibilities of the contract.
- Purchase: The seller can purchase the solar panels, so the buyer doesn’t have to deal with the lease or PPA.
Detailing the transfer of ownership is crucial in selling a house with solar panels. Your ownership status will dictate any additional homework you’ll need to do upfront pre-sale and how the sale will need to be negotiated and then transferred to the new owner.
Download our guide to buying and selling solar.
Selling a house with solar panels involves several steps, but it can be a smooth process with the right approach. By understanding the value of your solar system, preparing comprehensive documentation, and working with a knowledgeable realtor, you can highlight the benefits to prospective buyers and potentially sell your home faster and for a higher price. Solar panels contribute to a greener planet and add tangible value to your property.
Download our guide to buying and selling solar by completing the form below.
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]]>GreenSpark Solar is proud to announce support of a new partner, Encore Renewable Energy. Encore is a leading solar and energy storage developer based in Burlington, Vermont, and selected GreenSpark as the EPC for its 3.6MW solar array in Constable, NY. This agrivoltaic solar project will support the growing demand for solar energy in New York State.
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]]>The 3.6MW agrivoltaic solar project will support the growing demand for solar energy in New York State.
Constable, NY –GreenSpark Solar is proud to announce support of a new partner, Encore Renewable Energy, on the construction of a 3.6 MW solar array in Constable, NY.
Constable Solar project was developed by Citrine Power LLC and was acquired by Encore Renewable Energy who will be the owner and operator of the project. Constable Solar is Encore’s first solar project in New York State and part of nearly 90MW of solar and energy storage currently under development by Encore in the Empire state. Under New York’s NY-Sun Initiative and VDER program, NYSEG will compensate the project for the electricity produced from the new array and deliver affordable, reliable, carbon-free energy to their customers.
The project site, formerly used for hay production, is owned by siblings Michelle, Danielle & Steve Sirois, 29-year landowners in Constable. Citrine Power LLC has been working with the Sirois siblings, NYSEG, Town of Constable and NYSERDA to develop and permit the project since 2022. GreenSpark Solar was selected as the Engineering, Procurement and Construction (EPC) partner.
“We’re thrilled that the Constable Solar project has commenced construction and we are proud to be partnering with Encore in their first New York project. These projects have a lot of moving parts but it’s been our pleasure working with the Sirois family, Encore and other stakeholders to bring the Constable Solar project to life. Our team is working hard to bring the rest of our development pipeline to fruition in New York State that has been at the forefront of renewable power adoption,” said Cela Sinay-Bernie, Managing Partner for Citrine Power LLC, a renewable power development company.
“With New York’s ambitious clean energy goals and an evolving energy supply market that is finding renewables to be an increasingly more cost effective form of energy production, the demand for solar has never been higher,” said Chad Farrell, founder and co-CEO of Encore Renewable Energy. “Delivering projects like this in partnership with capable developers like Citrine Power LLC and utilities like NYSEG who are the tip of the spear when it comes to broader clean energy adoption is critical for meeting increased energy demand at affordable costs for ratepayers.”
“This project provides an exciting opportunity to preserve our father’s land by putting it to good use by supporting clean energy in the community,” added the Sirois siblings.
A partnership is already in place with J&R Pierce Family Farm, located in West Chazy, New York, to provide sheep to rotationally graze the site to meet the vegetation management standards required for solar production. This solution avoids the need for noisy, fossil fuel-powered mowers while improving soil quality and boosting pollinator health.
“We’re looking forward to partnering with Encore on this agri-energy project,” said Rebekah Pierce of J&R Pierce Family Farm. “As a small family farm, these partnerships with local solar companies are vital for supporting our business and continuing to keep land in agricultural production.”
GreenSpark Solar has begun construction, with survey and civil activities underway.
“We’re thrilled to welcome Encore as a new portfolio partner and to kick off our first collaboration in Vermont, alongside another project in our home state of New York,” commented Scott Abbett, GreenSpark Solar Executive Director of Commercial Operations & Electrical Self-Performance and Co-Owner. “Our values-aligned partnership is highlighted through both teams’ designations as Certified B Corporations and member-owners within the nationwide Amicus Solar Cooperative. Working with Encore’s expert team makes it easy for GreenSpark to focus on building high-quality solar solutions for our shared projects.”
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]]>GreenSpark partnered with Kendall Sustainable Infrastructure (KSI) and AC Power to provide the engineering, procurement, and construction for this 6.9 MW solar array located on an old landfill in Fort Edwards, NY. This community solar project will provide clean energy to more than 800 local households and provide the following environmental impact each year:
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]]>How Community Solar is Supporting the Town of Fort Edwards
GreenSpark partnered with Kendall Sustainable Infrastructure (KSI) and AC Power to provide the engineering, procurement, and construction for this 6.9 MW solar array located on an old landfill in Fort Edwards, NY.
Environmental Impact of Fort Edwards Community Solar Array
This community solar project will provide clean energy to more than 800 local households and provide the following environmental impact each year:
- Reducing 5,845 tons of CO2 from the atmosphere
- Eliminate over 13.5 million miles driven by gas-powered vehicles
- Equivalent to charging over 350 million cell phones
- Equivalent to 230,310 trash bags recycled instead of sent to a landfill
“This project supports New York State’s ambitious clean energy goals and showcases how innovative approaches can turn environmental challenges into sustainable opportunities. We are grateful to have partnered with a range of experienced, dedicated stakeholders in making this project a reality.
The KSI and GreenSpark Partnership
While this project sparks a big impact, this is not the first time GreenSpark and KSI have partnered together to bring clean energy to New York State. In 2020, KSI and GreenSpark constructed over 45 MWs through 15 different projects across the greater Rochester, Finger Lakes and Plattsburgh regions.
Most recently, GreenSpark and KSI teamed up again to deploy nearly 13 MW on two brownfield solar array projects in Upstate New York that helped to power local towns, households, and businesses.
Our work with KSI illustrates the importance in finding the right partner and the results that can be achieved through a strong partnership. We look forward to many more projects together, continuing to power more communities in New York State with clean, renewable energy from the sun.
Exploring EPC partners for your project? Find out if GreenSpark Solar is the right fit by exploring our EPC service offerings or getting in touch using the form below.
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