Nyc Solar Panel Incentives

You will need to work with a nyserda approved participating contractor to find out if you are eligible for ny sun incentives.

Nyc solar panel incentives.

The second most important incentive for solar panel installations. New york s megawatt block incentive is a direct generous incentive for solar. The credit is equal to 25 of your qualified solar energy system equipment expenditures and is limited to 5 000. What are the best new york state solar incentives.

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 megawatt block incentive structure. The itc entitles you to a tax credit equal to 26 percent or your system s value. The solar energy system equipment credit is not refundable.

Incentives are provided directly to your selected contractor and vary throughout the state. New york net metering. 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. New york state tax credit.

Net metering is a crucial policy that ensures you get paid a fair price for the solar electricity. How much is the credit. Ny sun works directly with solar contractors and developers to offset the cost for new york residents to go solar.