Solar, for Landmarked Homes


New York City has some of the most stringent historic preservation rules in the country, and Brooklyn is home to many neighborhoods with a high number of homes with landmark designation. For these homes solar installations must be completely invisible from all angles on street level, front and back.

Landmark status used to be considered disqualifying for solar. Not anymore. That’s because BSW has developed zero visibility installation methods, and has mastered the City’s complex landmarks design and application rules. As a result solar is not only possible on these formerly “no go” properties; but landmarked homes are now among our most common project types in Park Slope, Bedford Stuyvesant, Sunset Park and other historic neighborhoods.

Value

Strong public incentives and sky high electricity rates make NYC one of the best solar markets in the country. Rebates and tax credits can cover up to 70% or more of gross costs for most projects.

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For full details scroll over the different incentives below.

Federal Solar Income Tax Credit

30% of solar system costs can be claimed as a credit on your federal income taxes.
The credits can be divided over multiple tax years if a client is unable to fully utilize it in a single year.
This credit will decline to 26% on January 1, 2020, 22% in 2021, and then terminate in 2022.

Your Out-of-Pocket Cost

Up to 70% Covered

NYC Solar Property Tax Abatement

20% of solar system costs can be claimed as a local property tax abatement with the NYC Department of Finance. The abatement is divided into annual 5% installments over a four year cycle. The NYC PTA is set to expire on December 31, 2020.

NYS Solar Income Tax Credit

Residential solar owners can claim a $5000 tax credit on their New York State income taxes. The credit can be divided over multiple tax years if a client is unable to fully utilize it in a single year.

NYS Solar Rebate

New York State residential solar projects receive a rebate that reduces their upfront contract price. The rebate declines over time based on the amount of solar installed in different regions of the state. For residential projects in New York City, the state rebate is currently $.30 per Watt of solar installed which reduces out of pocket costs by roughly 5%.

Federal Solar Income Tax Credit

Your Out-of-Pocket Cost

Up to 70% Covered

NYC Solar Property Tax Abatement

NYS Solar Income Tax Credit

NYS Solar Rebate

Let’s Talk

Ask us about the Historic Homeownership Tax Credit.

If you’re in an income qualified historic district you could be eligible for an additional 20% state tax credit!

Payback Period

5-8 Years

Avg. 25-Year Savings

$35,000-$45,000

Increased Property Resale Value
Low Cost Financing Options
Let’s Talk

Ask us about the Historic Homeownership Tax Credit.

If you’re in an income qualified historic district you could be eligible for an additional 20% state tax credit!

Investment Security

25 Yr Solar Panel Warranty
20 Yr Inverter Warranty
10 YR BSW Workmanship Warranty
BSW Power Production Guarantee
24/7 Real-Time Monitoring
25 Yr Solar Panel Warranty

LG solar panels come with an industry leading 25-year product warranty, as well as a production guarantee that ensures that panels will generate at least 89% of year 1 production (kwh) by the end of the 25-year product warranty period.

20 Yr Inverter Warranty

The SMA Sunny Boy inverter, an industry leading product and BSW’s go to inverter, is covered by a 20-year extended warranty.

10 YR BSW Workmanship Warranty

BSW offers a 10 year warranty on all materials and services performed, including roof penetrations. Any necessary repairs required during that period will be promptly performed at BSW’s expense.

BSW Power Production Guarantee

BSW guarantees that solar systems will produce at least 95% of the projected estimates that are included in your contract during the first 10 years of the system’s operating life. If annual system production falls below this guarantee BSW provides cash compensation for underperformance. This is offered by BSW in addition to LG’s power production guarantee.

24/7 Real-Time Monitoring

All BSW installed systems automatically report performance data every few minutes to our monitoring staff, who will be notified of any irregularities. The monitoring team actively reviews system performance data monthly to ensure system is producing as designed. All customers can also track performance data themselves on their, computer or tablet via their individual monitoring portal.

Completion Timeline

Average project completion time from contract signing: 4 -5 Months

 

Scroll over project steps for full details.

Assessment & Proposal

Project Initiation
(1 Month)

Landmarks Approval
(4-6 Weeks)

Permit Application
(1 Month)

System Installation
(1-3 Days)

Inspection & Meter Swap
(2 Weeks)

Tax Season

Assessment & Proposal

BSW survey specialist completes 1-hour home assessment; You review project proposal with BSW solar consultant, and discuss tax credit eligibility with your accountant

Project Initiation
(1 Month)

You choose solar system size, sign contract, pay $3,000 down payment; BSW drafts project plan set and completes professional engineering review.

Landmarks Approval
(4-6 Weeks)

BSW completes landmarks survey, submits visibility summary and approval request to LPC; makes revisions (if necessary)

Permit Application
(1 Month)

BSW submits stamped plan set and building and electrical permit application to NYC Department of Buildings; awaits approval.

System Installation
(1-3 Days)

You schedule convenient day/time & pay remaining installation fee; BSW orders equipment, installs solar system at your home.

Inspection & Meter Swap
(2 Weeks)

BSW schedules ConEd meter swap and DOB electrical and building inspections; You provide access for swap and inspections (1 hour each).

Tax Season

BSW supplies state and federal tax forms; You claim our solar tax credits (& repay bridge loan if needed)

Customer Experience

Anatomy of a Solar System


Residential solar systems are surprisingly simple, consisting of only a few main components located on the roof and in the basement. BSW’s experienced installation team can complete a typical project in just one day with minimal disruption to your home and routine.

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