Solar Incentives In Nyc

When it comes to home solar panels new york has long been one of the best places in the country.

Solar incentives in nyc.

Ny sun in conjunction with nypa also provides the backbone for the state s community solar and k solar programs. Ny sun is an umbrella program for a number of solar industry support mechanisms in new york state including but not limited to the megawatt block incentive structure. Despite being the most populous and densely packed city in the country new york city is actually quite energy efficient. As a part of its ambitious reforming the energy vision initiative 2 new york is making solar accessible to households across the empire state.

New york is a top 10 solar state 1 and for good reason. New york state government passed legislation allowing for a property tax abatement on solar pv equipment expenditures. Nyc solar property tax abatement. Providing homeowners and renters the information needed to make informed decisions about solar.

20 of solar system costs can be claimed as a local property tax abatement with the nyc department of finance. Thanks to rebates solar tax credits and exemptions new yorkers could earn back up to 40 on the up. Providing a range of offerings to make going solar more affordable. Learn how you can benefit from new york s solar incentives rebates tax credits today.

Other new york solar programs and incentives the ny sun initiative. The state offers a balanced mix of good solar incentives and relatively high electricity prices that makes home solar in new york a very attractive financial investment. As of august 2020 the nyc pta has been extended until 2023. What solar incentives are available in new york city.

Incentives are provided directly to your selected contractor and vary throughout the state. You will need to work with a nyserda approved participating contractor to find out if you are eligible for ny sun incentives. What are the solar incentives available to new york homeowners. The abatement is divided into annual 5 installments over a four year cycle.

New york solar power overview. Incentives and financing for your home and business. Ny sun has multiple resources to help new yorkers harness the power of the sun including. While the average american is responsible for approximately 19 metric tons of co2 emissions per year the average nyc resident is responsible for less than a third.