NYSERDA Solar Incentives

 NYSERDA (New York State Energy and Research Development Authority) offers an incentive of $0.35 per kWh for those who install systems in their homes. This money is paid directly to the installer meaning it comes "right off the top" - you will not have to pay this money and then apply for a credit after the fact. It is shown as a direct subtraction on your Solar System installation contract! 

Solar Federal Tax Credit (ITC)

The federal government offers a tax credit that one can apply for after the installation of their solar system. This tax credit is 30 percent of the cost of alternative energy equipment installed on or in your home. Qualified equipment includes solar hot water heaters, and solar electric equipment. Solar electric equipment must be placed in to service by Dec. 31, 2021. 
Not everyone qualifies for this tax credit, for that reason we suggest you speak to your personal accountant to discuss your eligibility!

NY Solar Energy System Equipment Credit

The solar energy system must use solar radiation to produce energy for heating, cooling, hot water, or electricity for residential use.  The system must also be installed and used at your principal residence in New York State. The credit is equal to 25% of your qualified solar energy system equipment expenditures and is limited to $5,000. ​The solar energy system equipment credit is not refundable. However, any credit amount in excess of the tax due can be carried over for up to five years. Click Here to learn more from NYS.
Not everyone qualifies for this tax credit, for that reason we suggest you speak to your personal accountant to discuss your eligibility!

Still Confused? Watch these videos to learn more...

Federal Tax Incentives

NYS Tax Incentive