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3 FAQs about Monaco distributed solar panels

Are solar panels tax deductible in New York?

Lowers your solar panel system's cost by 30%, but expires on January 1, 2026. You don't need to pay any sales tax on new solar panel systems in New York, saving at least 4% of your system costs. If you use solar energy as a source of power, for 15 years you won't need to pay a tax on the value your solar panels add to your property.

How much power does a solar panel produce per square foot?

The more efficient a solar panel is, the more power per square foot. As of 2025, the most popular solar panels have a rated output of 450 watts. To get the most out of your solar energy system, choose panels with at least that much power output. Your solar inverter setup is also important consideration—make sure it suits your roof's layout.

Are solar panels expensive?

Solar panel systems are expensive, but there are ways to finance your investment and reduce upfront costs. Cash purchase: You pay for your system outright, which typically provides the best long-term savings.

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