Solar panels are slowly becoming a more prevalent part of everyday life in conversation here in New York.
Many homeowners have invested into getting solar panels for their property, but when does it make sense to actually have them? What does the future hold for New York and solar panels?
I have your answers right here!
Sidenote: regarding the rumor that there will be a property tax reduction as a result of getting solar panels that is allegedly being considered by the government: if anything, it may be a reduction of your general taxes. Your property taxes are made up of two elements, your general taxes (which include the police, fire, roads, etc), And your school taxes. Your school taxes are the major contributor to your property taxes. It is extremely doubtful that your school taxes would be affected by any reduction as a result of having solar panels which means that the general taxes would be affected and those taxes are the minor of the two. This would also adversely affect the state's ability to collect income since the police and roads for example, are not impacted by a homeowner's use of solar panels.