Solar Energy Incentives Nyc

The new york state energy research and development authority nyserda offers incentives for the installation of solar water heating systems for residential commercial agricultural governmental and not for profit institutional customers of the state s major investor owned utilities.

Solar energy incentives nyc.

As the solar capacity of a particular region rises the amount that homeowners are eligible to receive declines until the incentive phased out altogether. Modeled on a similar program in california new york s megawatt block incentive offers funding on a per watt basis to homeowners who install solar energy systems. A public benefit corporation nyserda has been advancing energy solutions and working to protect the environment since 1975. The system must also be installed and used at your principal residence in new york state.

New york is a top 10 solar state 1 and for good reason. The program provides an up front dollars per watt w rebate for both commercial and residential solar panel systems. Thanks to rebates solar tax credits and exemptions new yorkers could earn back up to 40 on the up. New york s megawatt block incentive is a direct generous incentive for solar energy available under new york s ambitious ny sun initiative.

We offer incentives and financing options to lower the cost of purchasing and installing solar at home. Learn how you can benefit from new york s solar incentives rebates tax credits today. 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.