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New York Photovoltaic (PV) Solar Incentives

by Rich Hessler Solar on Apr 26, 2010

In 1997, the State of New York enacted a New York Solar Tax Credit for individuals to retrofit residential property and multi-family property with solar systems.

New York homeowners are eligible for a personal tax credit of up to 25% for the cost of solar system equipment and installation for solar PV systems and solar thermal systems. The maximum incentive for solar energy systems is $5,000.
System sizes cannot exceed 10kW for residential solar PV systems while properties owned by condominium or cooperative housing associations are allowed up to 50kW per solar PV system.

If the tax credit exceeds your taxable liability, it may be carried-forward for the next five tax years.

To take advantage of this personal tax credit, solar PV systems must meet the New York net metering law which limits photovoltaic systems to 10kW. However the law was expanded in August 2008 with S.B. 7171 allowing for net-metering on residential photovoltaic (pv)...Read More >>



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