Further Reading:
According to the US Department of Energy, the Biden administration have set out a plan to turn the country solar generated electricity from 4 % to 45 % by 2050. In order to achieve such goal, trillions of dollars in investment by companies, homeowners, and developer will be needed. Both state and federal government have provided incentives to promote the installation of solar and energy storage system. States like New York have tax benefits for installing these systems. In 2019, New York passed the Climate Act with the goal of having 6,000MW of solar by 2025, and 3,000MW of energy storage or batteries by 2030.
In order to generate large quantity of clean energy, additional batteries are needed to support the grid and prevent blackouts. Solar and storage provides the most incentive and benefits. New Yorkers transiting will be eligible for the federal investment tax credit (ITC) and can expect as much as 26% reduction of the cost from their tax. Potential participants should hurry. This deduction is expected to decrease over the next few years.
Stratco Property Solutions will tackle these complex challenges for you and your fellow property owners. We partner with the industry’s business leaders in researches, creation, and execution of highly sophisticated strategies. Stratco provides the whole package on values enhancement opportunities, energy management for building operation, batteries, and many more.
