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Weekly Update–November 3rd, 2023: Tax Minimization & Retirement Planning
It’s official, LIPA has accepted our application and paperwork, we are now banking our exported KWH. That means that not only can we “withdraw” KWH when our panels are not producing, we can now report our solar panel project on our 2023 personal income tax return and receive tax credits from the IRS and NYS. As NYC residents we also qualify for a real estate tax reduction over 4 years. … Read more