By Mariana Simões. Published March 11, 2024
Environmental advocates are pushing state lawmakers to pass a bill that would make the installation of solar panels more affordable for low-income homeowners.
Installing residential solar panels requires a hefty upfront investment. In 2023, it cost on average over $36,000 per property before incentives, according to the New York State Energy Research and Development Authority (NYSERDA).
“When this tax credit was created, battery storage really wasn’t a thing. So being able to incorporate battery storage in there and have a tax credit that scales appropriately with the costs associated with storage, is really important,” said T.R Ludwig, founder and CEO of the company Brooklyn SolarWorks, who has been fighting for the bill to be introduced since 2019.
