Solar Incentives In Nyc

Incentives and financing for your home and business.

Solar incentives in nyc.

20 of solar system costs can be claimed as a local property tax abatement with the nyc department of finance. New york state government passed legislation allowing for a property tax abatement on solar pv equipment expenditures. Incentives are provided directly to your selected contractor and vary throughout the state. What solar incentives are available in new york city.

Ny sun in conjunction with nypa also provides the backbone for the state s community solar and k solar programs. Ny sun is an umbrella program for a number of solar industry support mechanisms in new york state including but not limited to the megawatt block incentive structure. Enacted in 2008 the legislation dictates that buildings with rooftop solar pv in cities of 1 million or more people are eligible for tax abatements. Other new york solar programs and incentives the ny sun initiative.

Providing a range of offerings to make going solar more affordable. Ny sun has multiple resources to help new yorkers harness the power of the sun including. Thanks to rebates solar tax credits and exemptions new yorkers could earn back up to 40 on the up. As of august 2020 the nyc pta has been extended until 2023.

New york solar power overview. The state offers a balanced mix of good solar incentives and relatively high electricity prices that makes home solar in new york a very attractive financial investment. Despite being the most populous and densely packed city in the country new york city is actually quite energy efficient. Nyc solar property tax abatement.

Learn how you can benefit from new york s solar incentives rebates tax credits today. Providing homeowners and renters the information needed to make informed decisions about solar. The abatement is divided into annual 5 installments over a four year cycle. What are the solar incentives available to new york homeowners.

Ny sun works directly with solar contractors and developers to offset the cost for new york residents to go solar. While the average american is responsible for approximately 19 metric tons of co2 emissions per year the average nyc resident is responsible for less than a third. As a part of its ambitious reforming the energy vision initiative 2 new york is making solar accessible to households across the empire state. If you live in new york and are thinking about going solar you should know that thanks to the many financial incentives available 2020 is an excellent year for you to install solar panels but don t wait government financial incentives are decreasing.