New York State Solar Incentives 2017

New york solar sales tax exemption the solar sales tax exemption 8 is a welcome addition to the other incentives available in the empire state.

New york state solar incentives 2017. It is the only program that allows you to own your solar system while paying for the cost through your electric bill. Federal solar tax credit. It also means any investment will pay for itself more rapidly. If you re a new york state resident interested in filing for a renewable energy tax credit you will need to complete the appropriate forms to submit along with your normal yearly tax filing.

Solar is exempt from property tax and sales tax. The new york solar tax credit can reduce your state tax payments by up to 5 000 or 25 off your total solar energy expenses whichever is lower. In fact according to new york s 2017 solar report card this state is the number one state to go solar. New york state has a great solar rebate program under the new york state energy research and development authority nyserda ny sun program.

It s simple and you get to own your system with 0 down. On bill recovery and smart energy loans. New york governor andrew m. In addition to our incentive programs and financing options you may qualify for federal and or new york state tax credits for installing solar at home.

How much is the credit. The system must also be installed and used at your principal residence in new york state. In addition to incentives ny sun offers two loan options for residents. Loan amounts are available from 1 500 to 25 000 with loan terms of five 10 or 15 years to help new york residents finance solar installation.

New york solar permits increased 26 to 249 in june from 197 in june 2016 and decreased 19 from may 2017 ytd increase of 2 new york solar. That means you can pocket the extra 4 state sales tax you would normally pay when you buy a home solar system and battery. 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 incentives new york has some of the most attractive solar incentives in the country which can reduce the a solar system by as much as 50.

Ny state solar does more solar projects through the ny sun on bill recovery program than anyone else in new york state. Trust the experts for a hassle free experience. The credit is equal to 25 of your qualified solar energy system equipment expenditures and is limited to 5 000.