State Solar Incentives

In an effort to integrate solar technology into the economy and make solar systems a feasible option for everyday businesses and homeowners, state governments offer several financial incentives and tax credits to alleviate the economic costs of installing a solar system.


Residential State Solar Incentives & Tax Credits
Residential Solar Sales Tax Exemption program
  • State: NY
  • Eligible technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics
  • Expires: ongoing

Exempts the sale and installation of residential solar-energy systems from the state’s sales and compensating use taxes.

Find out if your county is exempt from these taxes!

Solar & Fuel Cell Tax Credit program
  • State: NY
  • Eligible technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics
  • Expires: December 31st, 2016

A taxpayer may claim a credit of 25-30% of qualified expenditures for a solar system that serves a dwelling unit located in the United States and used as a residence by the taxpayer.

Learn more here!

Green Building Tax Credit program
  • State: NY
  • Eligible technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics
  • Expires: December 31st, 2010

Offers tax credits that can be applied against corporate taxes, personal income, insurance corporation taxes and banking corporation taxes.

Learn more here!

NYSERDA Solar PV Program
  • State: NY
  • Eligible technologies: Photovoltaics
  • Expires: December 31st, 2015

The New York State Energy Research and Development Authority (NYSERDA) provides cash incentives for the installation by Eligible Installers of new grid-connected Solar Electric or Photovoltaic (PV) systems that are 50 kW or less for commercial sites. Cash incentives are available for qualified customers who wish to install PV systems through applications submitted by an “Eligible Installer.”

Learn more at NYSERDA’s website!

Property Tax Abatement for Photovoltaic (PV) Equipment Expenditures
  • State: NY – New York City
  • Eligible technologies: Photovoltaics
  • Expires: December 31st, 2012

In cities with a population of more than 1 million people (like NYC), this program allows building owners to deduct from their total real property taxes a portion of the expenditures associated with installing a PV system on an eligible building. Systems placed in service between August 5, 2008 and December 31, 2010 are eligible for an abatement of 8.75% of eligible expenditures annually for four years. Systems placed in service between January 1, 2011 and December 31, 2012 are eligible for an abatement of 5.0% of eligible expenditures annually for 4 years. Thus the total property tax benefit can amount to either 35% or 20% of the installed system cost depending on when it is built.

To learn more click here!

On average…government incentives like these can save you up to 30% off your initial investment costs!

For more information, contact us today or feel free to visit our solar incentives website.

 
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