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Building Owners Earn Stimulus Tax Credits With Helios Energy Systems
- Photovoltaic Systems Help Homeowners and Businesses Qualify For Federal and State Incentives -
FLUSHING, NY, August 12, 2009 C Helios Energy Systems, which provides
design, sales and installation services to home and building owners
throughout the New York City tri-state metropolitan area, is working
to make building owners aware that its solar photovoltaic (PV) systems
for residential and commercial buildings qualify for Federal energy
tax credits. Under the American Recovery and Reinvestment Act of 2009
(Federal Stimulus bill) signed into law early this year, homeowners
and businesses that install solar PV systems to generate electricity
used in their buildings can qualify for Federal tax credits up to
30% of the total installed cost. Buildings utilizing free renewable
solar energy reduce their electric consumption and related utility
bills while demonstrating environmental responsibility and carbon
The Federal incentive includes 30% of everything required to add solar electric power to the residence C solar panels, mounting structures, labor, conduit piping and wiring to connect the system to the homes electrical systems, said Thomas Chen, President of Helios Energy Systems. Thomas Chen is also the President and founder of Crystal Window & Door Systems, the parent company of Helios. This incentive isnt only for owners of private homes. Commercial business facilities can take advantage of this tax credit as well. Condo and co-op properties are also eligible for the tax credit, which is allocated on a pro rata basis to each unit owner.
In addition to Federal tax credits, property owners throughout the tri-state metropolitan area may be eligible for state incentives. It is estimated that New York State Energy Research & Development Authority (NYSERDA) program incentives, combined with the Federal tax credits, can reduce the installed cost of a PV system in New York by as much as 75%. For specific projects throughout the region, Helios can assist building owners in checking with their particular state energy agencies.
Federal tax credits are available for systems placed into service before December 31, 2016 that generate electricity and meet all applicable fire and electrical code requirements. Helios Energy Systems components are sourced from leading manufacturers of solar products, including SMA Solar Technology and ET Solar, and are installed in New York by NYSERDA qualified (or in other states, appropriately certified) installation contractors and licensed electricians.
We are seeing quite a bit of interest in PV systems from owners of private homes, commercial businesses, non-profits, community centers and office buildings as they find out how they can take advantage of this great environmental and economic incentive, said Andrew Lai, Manager of Helios Energy Systems. Besides helping the environment and reducing greenhouse gas emissions, they can really make an impact on their electric bills with renewable solar power generation and get tax credits for it. Homeowners and businesses must provide documentation on costs to purchase and install solar PV systems and use appropriate IRS forms when filing tax returns to claim the Federal tax credit. Individual states may also have additional documentation requirements. As with any tax related matter, consumers should seek the advice of tax accounting professionals.
Helios Energy Systems provides design, sales and installation services to home and building owners and serves as a wholesale distributor of solar PV power systems throughout the New York City tri-state metropolitan area. For more information about Helios products and services, contact Andrew Lai, Manager, Helios Energy Systems at 877-743-5467 or info@HeliosES.com. Helios Energy Systems is a wholly owned subsidiary of Crystal Window & Door Systems.
Crystal Window & Door Systems is one of the top 50 manufacturers in North America of replacement and new construction vinyl and aluminum window and door products and high-end fenestration systems. Crystal offers a full made-in-America product line, rapid order-to-delivery times, quality workmanship, innovative product features and outstanding value. Crystal operates subsidiaries and product showrooms in Allentown, PA; Westlake, OH; Fenton, MO; Enfield, CT; Chicago, IL; and Boston, MA. Crystal is dedicated to practicing green environmental initiatives in all aspects of corporate activities. For further information about Crystal and its products, call 718-961-7300, or visit the website
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