Jeffrey Inoa Real Estate

08/15/2023

Federal Tax Credit- 30%
Homeowners who install a solar system this year can take advantage of the Solar Investment Tax Credit (ITC), which allows a deduction of 30% of the cost of their solar energy system from their federal taxes.

New York State Tax Credit – 25%
New York state offers homeowners a dollar-for-dollar reduction in the income taxes that a person claiming the credit would otherwise pay. The state tax credit is based on 25% of solar’s cost to the homeowner, limited to $5,000. If you can’t claim the credit in the first year, don’t worry, it will roll over for 5 years!

NYSERDA – Financing / $0.20 per kilowatt
Through the NY-Sun Program, the New York State Energy Research and Development Authority (NYSERDA) provides financing options and financial incentives for the installation of new grid-connected solar systems.
In New York & New Jersey City, a cash grant from NYSERDA of 20¢ per watt lowers the elevated cost to install solar. The installation of a 7kW solar system could earn a $1,400 deposit from the state! This incentive, once $1.00 per watt, will continue to decrease as more people install solar systems. Sea Bright Solar and SunPower collect this grant from NYSERDA directly, reducing your cost to install solar.
Increase Home Value
Having a solar energy system on your home is known as a capital improvement which adds to your property’s value. This means that you can potentially sell your home faster and for more than homes without solar. Your investment in efficient, clean solar power also adds to the tax basis of your home. If you sell the home, this tax basis investment can be deducted from the sales price, reducing the amount of the price that is counted as profit. This reduces the taxes taken from the sale and may be able to help you avoid capital gains taxes on appreciation.

05/27/2022

Thinking of Moving Up This Summer?

Thinking of moving up this summer? Let's connect so you can sell your house and find the home of your dreams.

05/26/2022

Why Summer Is a Great Time To Buy a Vacation Home

You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations this year.

>>Why You May Want To Consider a Vacation Home Today
Bankrate explains why a second home, or a vacation home, may be something worth considering:

“For those who are able, buying a second home is suddenly more appealing, as remote working became the norm for many professionals during the pandemic. Why not work from the place where you like to vacation — the place where you want to live?

If you don’t work remotely, a vacation home could still be at the top of your wish list if you have a favorite getaway spot that you visit often. It beats staying...

You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations t...

05/26/2022

Wondering if you should make updates before listing your house? In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves. DM me so you have expert advice on what you may need to tackle based on your specific home and area.

05/25/2022

If you’re a renter, there’s a good chance rising rents and inflation are stretching your budget. So, it may be a good time to consider homeownership if you’re looking to stabilize your monthly housing costs. DM me today to learn about how homebuying could be the alternative you’re looking for.

05/25/2022

How Buying or Selling a Home Benefits the Economy and Your Community

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too?

To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates.

For starters, there are multiple industries that play a role in the process. Numerous contractors, specialists, lawyers, town and city officials, and so many other professionals are all necessary at various stages during the transaction. Every individual you work with, like your trusted real estate advisor, has a team of professionals involved behind the scenes.

That means when you buy or sell a home, you’re leaving a lasting impression on the community at large. Let the...

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too?

05/25/2022

It’s true mortgage rates are rising, but it’s also important to have perspective. Today’s mortgage rate still gives you a window of opportunity to lock in a rate that’s comparatively lower than the historical average. DM me, and let’s work together to make your homebuying goals a reality before rates rise further.

05/24/2022

If you’re looking to make a home purchase, now could be the time to act. Experts forecast home prices will keep rising, which means the longer you wait, the more you could end up paying for your home. DM me so you have a real estate professional on your side who can help you buy now if you're ready.

05/24/2022

Sellers Have an Opportunity with Today's Home Prices

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate.

According to data from CoreLogic, home price appreciation has been re-accelerating since November. This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand is high. As mortgage rates started to rise this year, many homebuyers rushed to make their purchases before those rates could climb higher. Selma Hepp, Deputy Chief Economist at CoreLogic, explains:

“Home price growth continued to gain speed in early spring, as eager buyers tried to get in front of the mortgage rate surge.”

And experts say prices are forecast to continue appreciating, just at...

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that ...

05/24/2022

The One Thing Every Homeowner Needs To Know About a Recession

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.

The National Bureau of Economic Research defines a recession as, “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”

To help show that home prices don’t fall every time there’s a recession, take a look at the historical data. There have been six recessions in this country over the past four decades...

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.