Buyer's Guide 2024
Residential Solar Tax Credit
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- Personal Tax Credit
- Implementing Sector
- State
- State
- New York
- Eligible Storage Technologies
- Solar Water Heat, Solar Space Heat, Solar Photovoltaics
- Incentive Amount
- 25% for solar-electric (PV) and solar-thermal systems; for third-party owned systems this is in reference to the aggregate amount owed under the contract rather than the amount owed in any single year
- Maximum Incentive
- $5,000 for solar-energy systems
- Eligible System Size
- 25 kW maximum, except 50 kW for solar systems owned by condominium or cooperative housing associations
- Equipment Requirements
- Systems must be new and in compliance with all applicable performance and safety standards
- Installation Requirements
- Electricity generation systems must be grid connected and net metered.
- Carryover Provisions
- Excess credit may be carried forward five years
- Administrator
- New York State Department of Taxation and Finance
- Applicable Sectors
- Residential, Multifamily Residential
- Budget
- Last Updated
- 03/12/2021
- Funding Source
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