Power your home with clean solar energy — Hudson Valley, New York.

New York Solar Incentives and Tax Credits

Federal Solar Tax Credit

The Investment Tax Credit (ITC), also called the federal solar tax credit, helps you reduce the cost of your solar energy system. You can deduct 30% of the cost of your solar energy system from your federal income taxes. There is no cap on the value of your tax credit and it applies to both residential and commercial systems.

The federal solar tax credit was recently increased to 30% and its timeline has been extended. If you install a solar PV system between now and 2032 you will receive a 30% tax credit.

The federal solar tax credit helps you save thousands of dollars in upfront costs, in addition to many solar incentives and rebates for the state of New York.

New York Solar Tax Credit

The New York Solar Tax Credit allows you to deduct 25% of the cost of your solar energy system from your New York state income taxes. The state tax credit applies to residential systems and the value of the tax credit is up to $5,000. The state tax credit is not refundable, but any excess amount can be rolled over for up to 5 years.

Your New York Solar Tax Credit of 25% can be combined with the Federal Solar Tax Credit of 30% can get you tax credits worth up to 55% of the cost of your home’s solar energy system.

New York Sales Tax Exemption

Solar panels and equipment are exempt from state sales taxes. The 4% state sales tax will not be charged for your solar energy system and equipment, although you may have local and county sales taxes.

Our solar consultants can help answer any questions you have about finding the most tax credits, exemptions, and incentives for your area.

Net Metering in New York

Net Metering is when your utility company monitors how much energy your home’s solar system produces and how much energy you consume. If your home’s solar system generates a surplus of energy, you will receive a credit from your utility company for that surplus energy.

Consolidated Edison (ConEd) offers net metering to all of their customers in the Hudson Valley area.

Megawatt Block Incentive Program

As a New York state resident you can receive thousands of dollars with the Megawatt Block Incentive Program to help reduce the upfront cost of installing solar panels for your home.

The Megawatt Block Incentive Program is a direct incentive for solar energy available through the NY-Sun Initiative. The program provides an upfront dollars-per-watt rebate for homeowners and business owners who install solar panels. Rebates are based on where you live and the size of your solar panel system.

The Megawatt Block Incentive Program is one of the big reasons why solar is so affordable in the Hudson Valley area and makes installing solar panels a smart investment for your home.

NY-SUN Initiative Program

NY-Sun is a program to make solar energy more affordable and accessible for everyone in the state of New York. The program’s goal is for homeowners to power their homes with clean energy while lowering their monthly energy bills at the same time.

NY-Sun provides many programs and incentives for New York residents to adopt solar energy such as the Megawatt Block Incentive Program and many community solar and financial incentive programs.

Here are some of the top programs and incentives that NY-Sun offers to Hudson Valley residents:

• New York Residential Incentives and Financing
• Business Owner and Commercial Incentives and Financing
• Communities and Local Governments

New York Tax Benefits for Battery and Energy Storage

New York does not have any state-specific tax incentives for installing a battery or energy storage system. New York homeowners who decide to pair a battery with their home’s solar panel system installation, can claim this as the cost of installing a solar-plus-storage system.

You can deduct 30% of the cost of your solar-plus-storage system from your federal income taxes with the Investment Tax Credit (ITC).

DSIRE Incentives Database - New York

The Database of State Incentives for Renewables and Efficiency (DSIRE) is a comprehensive database that New York residents can use to search for and find solar energy incentives in New York and across the entire country.