Solar Rebates In Ny

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.

Solar rebates in ny.

Ny sun makes going solar easier and more affordable for new york residents. Solar is exempt from property tax and sales tax. The system must also be installed and used at your principal residence in new york state. 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.

New york city property tax abatement pta. Federal tax credit state tax credit federal solar tax credit. The program provides an up front dollars per watt w rebate for both commercial and residential solar panel systems. At the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation.

New york solar incentives tax credits. We offer incentives and financing options to lower the cost of purchasing and installing solar at home. The solar energy system must use solar radiation to produce energy for heating cooling hot water or electricity for residential use. New york s megawatt block incentive is a direct generous incentive for solar energy available under new york s ambitious ny sun initiative.