Nys Solar Panel Incentives

Solar incentive and financing options.

Nys solar panel incentives.

Detailed information on available incentives and loans for residential customers going solar. Partnering with leading manufacturers in the solar industry ny state solar exclusively offers premium solar components and the most innovative financing methods. We offer incentives and financing options to lower the cost of purchasing and installing solar at home. New york has long been a leader in installed solar capacity.

The second most important incentive for solar panel installations in new york is the state solar tax credit which allows you to potentially earn an extra 5 000 to put towards your taxes on top of the federal solar tax credit. Ny sun works with solar contractors and developers to offset the cost of purchasing and installing a solar panel system for your business. 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. New york state tax credit.

We offer financing and incentive options for new york residents looking to go solar including. 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. New york s megawatt block incentive is a direct generous incentive for solar energy available under new york s ambitious ny sun initiative. Ny sun helps make solar energy more accessible and affordable for residential customers.

The solar energy system must use solar radiation to produce energy for heating cooling hot water or electricity for residential use. Ny sun works directly with solar contractors and developers to offset the cost for new york residents to go solar. The system must also be installed and used at your principal residence in new york state. If you live in new york and are thinking about going solar you should know that thanks to the many financial incentives available 2020 is an excellent year for you to install solar panels.

Find out what options are available and which of them is right for your business. Ny sun brings together and expands existing programs administered by nyserda long island power authority lipa pseg long island and the new york power authority nypa to ensure a coordinated well supported solar energy expansion plan and a transition to a sustainable self sufficient solar industry. But don t wait government financial incentives are decreasing. The program provides an up front dollars per watt w rebate for both commercial and residential solar panel systems.