Solar Rebates In Ny

Building owners who place a grid connected solar energy system into service from january 1 2014 to january 1 2024 are eligible for a four year tax abatement of 5 per year of the installed cost of the system for a total of up to 20.

Solar rebates in ny.

New york s megawatt block incentive is a direct generous incentive for solar energy available under new york s ambitious ny sun initiative. Ny sun works directly with solar contractors and developers to offset the cost for new york residents to go solar. The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit. New york solar incentives tax credits.

The solar energy system must use solar radiation to produce energy for heating cooling hot water or electricity for residential use. Ny sun makes going solar easier and more affordable for new york residents. Solar is exempt from property tax and sales tax. We offer incentives and financing options to lower the cost of purchasing and installing solar at home.

Federal tax credit state tax credit federal solar tax credit. On top of that intrinsic incentive new york has established an aggressive state rebates program for solar which will refund 1 750 per installed kilowatt hour up to 12 500 or 40 percent of the installed cost of your solar project. Abatements are applied after the ny sun incentive and capped at. The system must also be installed and used at your principal residence in new york state.