Nyc Solar Panel Incentives

New york state tax credit.

Nyc solar panel incentives.

How much is the credit. The megawatt block incentive structure. You will need to work with a nyserda approved participating contractor to find out if you are eligible for ny sun incentives. The system must also be installed and used at your principal residence in new york state.

The solar energy system equipment credit is not refundable. In addition to incentive and financing options your business may qualify for federal and or new york state tax credits and rebates for getting solar. When pairing energy storage and solar you may be eligible for an energy storage incentive in addition to the current ny sun solar incentive. New york s megawatt block incentive is a direct generous incentive for solar.

The second most important incentive for solar panel installations. The most significant solar incentive available for new yorkers in 2020 is the federal investment tax credit itc. For instance if your system costs 22 000 you could take a tax credit of 6 600 on your federal taxes. New york net metering.

The itc entitles you to a tax credit equal to 26 percent or your system s value. What are the best new york state solar incentives. Incentives are provided directly to your selected contractor and vary throughout the state.