NY-Sun makes solar energy easier and more affordable for New York residents. We offer incentives and financing options to reduce the cost of purchasing and installing solar energy in the home. New policies are implemented regularly, local incentives vary from jurisdiction to jurisdiction, and if you're not actively working in the solar industry, it can be a little confusing. No, solar panels are not free in New York, although there are many solar incentives available for residential and non-residential installations that reduce start-up costs and strive to make solar investments accessible to more New Yorkers.
In addition to the state incentives available for potential solar systems in New York, many towns, cities and counties will also offer incentives such as tax credits, rebates, or others that may overlap with state incentives, which will serve to further advance toward affordability. Tax credits, rebates and incentives can cover a truly significant part of the cost of solar energy. New York's solar incentives and rising electricity rates make New York City one of the best solar markets in the country. To claim this credit, you will need to file Form IT-255 “Credit Claim for Solar Energy System Equipment” with your New York State income taxes.
NY-Sun, along with the NYPA, also provides the backbone for the state's Community Solar and K-Solar programs. He was a pleasure to work with and I would recommend him and Long Island Power Solutions for their solar energy needs. To better explain how the tax credit works, we included a video from SunPower, one of the country's leading providers of solar energy. If you're seriously considering solar energy for your home, act quickly to be able to offer full solar incentives while they last.
To make sure you don't miss out on any potential incentives and benefits of installing solar panels in your New York residence or business, read on to see New York State's top solar tax credits and other incentives to consider when researching whether solar is for you. In addition to living in a designated historic community, your solar panels must be installed in the home you owned and where you resided during the specified fiscal year in order to qualify. Whether it's because of New York's generous solar tax credit available to homeowners, the ambitious clean energy goals of politicians across the state, or because New Yorkers simply see the climate and economic benefits of installing photovoltaic solar panels, the Empire State is setting a great example for the rest of the country. Simply take 25% of your total installation cost (after requesting reimbursement from NY-Sun) and file this handy New York Tax Form IT-255 to receive the credit.
Whether you're a homeowner, business owner, or government official, NY-Sun can help you decide if solar energy is right for you.