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Alternative Energy Store Products Part of NY Tax Rebate Program
Advises readers of the tax rebates now being offered in the state of New York for the use of energy efficient and renewable energy products. The Alternative Energy Store has been the nation's leader in the development and installation of these devices.
(PRWEB) November 4, 2005 -- Tax rebates and incentives are now being offered in the state of New York for the use of energy efficient and renewable energy products. The Alternative Energy Store has been the nation's leader in the development and installation of these devices.
With customers around the globe, the Alternative Energy Store provides a wealth of products and renewable energy information through their online store (AltEnergyStore.com) and catalog.
Making it easy for consumers, the Alternative Energy Store has outlined several of New York’s renewable energy rebates and incentives:
| | - Homeowners who purchase a PV (photovoltaics) system may receive a 25% income tax credit, with a maximum credit of up to $3,750.
- Take advantage of the state’s 15-year real property tax exemption if you’re a New York homeowner who has installed solar energy equipment in your home.
- Receive a personal tax credit of up to 25% for solar electric and solar-thermal systems such as solar space heat, solar water heat and photovoltaics and up to 20% for fuel cells.
- Businesses and homeowners can receive a utilities rebate of up to $5 per watt (up to $50,000) for the first 5kW of PV installed.
- Forget about paying sales tax on that solar-energy system for your home. This sales tax exemption applies to home heating, cooling, hot water and electricity, not swimming pool heating.
- Taking out a loan for a new major appliance such as a refrigerator, clothes washer or dryer, dishwasher or furnace? If you choose appliances that use solar water heat, solar space heat, photovoltaics, wind, biomass or geothermal heat pumps, opt for an Energy Smart Loan offering 4.0% below the lender rate for ten years.
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Any multifamily, residential, commercial, industrial, retail or non-profit facility that is a customer of a one of New York’s six utilities may take advantage of the New York Energy Smart Loan for a reduced interest rate loan for renovation/construction of energy efficient facility or installation of renewable energy systems.
“The bottom line is that renewable energy and energy efficient products can help homeowners and businesses save a lot of money, not just initially through hefty tax rebates, but on an ongoing basis. For example, by installing a solar hot water system, a homeowner can reduce their hot water heating costs by as much as 90 percent. Not only that, but a solar hot water system pays for itself several times over in energy savings during its useful life. That’s quite a return on investment,” noted Sascha Deri, president of the Alternative Energy Store.
For a diverse selection of renewable energy products or to learn about renewable energy by visiting the Alternative Energy Store’s “Alt-E University” visit www.altenergystore.com. To speak with an alternative energy expert, contact the company Toll Free (800) 320-9514.
Making Renewable Energy Affordable
Founded in 1999, the Alternative Energy Store, LLC has catered to customers on every continent of the globe. With a mission to make renewable energy affordable, the Alternative Energy Store has established long-standing relationships with manufacturers to pass along the cost savings to customers. These relationships coupled with the expertise of the purchasing department and exceptional promotions enable the Alternative Energy Store to offer the best prices over competitors.
Committed to benefiting societies and the environment, the Alternative Energy Store is dedicated to educating consumers and providing the best selection of solar, wind, micro-hydro and other alternative energy products worldwide.
Alternative Energy Store is located at 65 Water Street in Worcester, Mass. For more information visit their website at www.AltEnergyStore.com or contact Toll Free (800) 320-9592
To get more information on these products or to set up an interview with Sascha Deri, the President of The Alternative Energy Store, please contact Bob Buckley of PR Works at 781 834-1424 or Steve Dubin at 781 582-1061.
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