Incentives

Incentives

Federal Incentives:

Solar Investment Tax Credit (ITC):


● Offers a federal tax credit of 30% of the total solar system cost for systems installed by the end of 2032.

New York State Incentives:

Residential Solar Tax Credit:

● Offers a personal income tax credit for residential solar PV systems with a

credit that is calculated by the system cost times 25% up to $5000.


Property Tax Exemption:

● Exempts the added value of a solar PV system from property taxes for residential and commercial properties.


NY State Energy Research and Development Authority (NYSERDA) Programs:

● Various programs and incentives for energy efficiency and renewable energy, including solar.


● Programs may evolve, so check the NYSERDA website for the latest offerings.

Local Utility Programs:

National Grid:

● Provides incentives and support for solar projects within its service areas.


Net Metering:

● New York has a net metering policy that allows solar system owners to receive credit for excess electricity generated and fed back into the grid.

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