Solar Power New York State

Solar incentive and financing options.

Solar power new york state.

Loan amounts are available from 1 500 to 25 000 with loan terms of five 10 or 15 years to help new york residents finance solar installation. Our goal is to help make it possible for new yorkers to choose clean energy while lowering their energy costs. There are several ways to get solar for your home. Trust the experts for a hassle free experience.

For additional information about residential financing we encourage you to consult the new york homeowner s guide to solar financing. New york state is making solar energy more accessible to homes businesses and communities through ny sun. How solar works for you. The tax credit is capped at 5 000.

Guidance on determining federal and or new york state tax credit eligibility. Ny state solar does more solar projects through the ny sun on bill recovery program than anyone else in new york state. Solar is more accessible and affordable than ever before. Ny solar map estimates rooftop and ground mount solar electric potential pv panels and connects you to local solar resources.

New york solar tax credit. If your property isn t ideal for solar panels or you are not a homeowner community solar may be right for you. Solar power offers homeowners and renters many benefits including. First you don t have to purchase your system to claim the credit i e.

This combined with the federal tax credit provide subsantial savings on the cost of a solar installation. Tapping into one of the top 10 solar markets solar and energy storage new york is the event to network with industry leaders and businesses doing business in new york the 2019 event in albany ny explored best practices and the latest trends and challenges impacting the state in energy development. Saving money through reduced electricity bills. Over 86 000 homes in new york state are powered by solar energy.

Ny sun mw block incentive. The great advantages of the solar equipment tax credit are twofold. Detailed information on available incentives and loans for residential customers going solar. The new york solar tax credit can reduce your state tax payments by up to 5 000 or 25 off your total solar energy expenses whichever is lower.

It applies to you even if you went solar with a lease or. Ny sun brings together and expands existing programs administered by nyserda long island power authority lipa pseg long island and the new york power authority nypa to ensure a coordinated well supported solar energy expansion plan and a transition to a sustainable self sufficient solar industry. Loans leases and ppas pdf. If you live in new york city you can take advantage of the new york state tax credit which is equal to 25 of the costs of you solar panel installation.

See you in 2020.