Solar Incentives Ny

New york state is making solar energy more accessible to homes businesses and communities through ny sun.

Solar incentives ny.

It s the affordable solar incentive which takes the form of a direct grant and it s available via application from the new york state energy research and development authority or nyserda. Net metering is a crucial policy that ensures you get paid a fair price for the solar electricity. Solar energy is already providing heat and electricity to many buildings in ny. 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.

The megawatt block incentive structure. Our goal is to help make it possible for new yorkers to choose clean energy while lowering their energy costs. What are the best new york state solar incentives. Solar incentives available to homeowners businesses investment tax credit for solar the federal government provides a solar tax credit known as the investment tax credit itc that allow homeowners and businesses to deduct a portion of their solar costs from their taxes.

Incentives are provided directly to your selected contractor and vary throughout the state. When pairing energy storage and solar you may be eligible for an energy storage incentive in addition to the current ny sun solar incentive. The average cost for an installed residential solar system in new york is currently 12 716 after claiming the 26 federal solar tax credit. New york s megawatt block incentive is a direct generous incentive for solar.

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. You will need to work with a nyserda approved participating contractor to find out if you are eligible for ny sun incentives. This is 2 86 per watt. Ny sun has multiple resources to help new yorkers harness the power of the sun including.

New york net metering. 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.