INCENTIVES & REBATES
Residential Solar Incentives & Rebates
To encourage homeowners to invest in solar electric systems, the federal and various state governments offer generous rebates and incentives, designed to make solar affordable for everyone.

New York State Incentive
• $4.00 per watt up to 5 kilowatts of installed solar photovoltaic (PV) system
• $3.00 per watt from 5 – 10 kilowatts.
• $4.50 per watt for New York Energy Star homes up to 5 kilowatts.
• $4.50 per watt for all building integrated PV systems up to 5 kilowatts.

New York State Tax Credit
25% of installed costs for solar PV and solar hot water systems (each) capped at $5,000

Federal Tax Credit
30% of installed costs for solar PV and solar hot water systems (each) capped at $2,000NY

Property Tax Exemption
There is a 15-year exemption for any increase in the assessed value of your property as a result of installing renewable energy upgrades.

Solar Sales Tax Exemption
All sales and installation costs on solar PV and solar hot water systems are exempt from state sales tax (4%). Some counties are also exempt from sales tax.

New York Net Metering
According to the “Solar Choice Act of 1997”, all NY electrical utilities must buy back any excess electricity that a residential solar PV system produces and compensate the owner of that system.

New York Energy $mart Loan Program
The NY Energy $mart Loan Program provides reduced interest rate loans (4% lower than normal lending rates for up to 10 years) through participating lenders to finance the cost and installation of a photovoltaic system.