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How does New York State's Solar Tax Credit work?

asked 2015-03-26 17:33:08 -0500

Meerkatz gravatar image

I know that New York State offers a $5,000 tax credit for solar. But it seems pretty confusing. How does it work?

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answered 2015-03-31 19:16:30 -0500

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updated 2015-03-31 19:16:30 -0500

energysage gravatar image

Hi Meerkatz

New York's Solar Equipment Tax Credit is a generous, flexible incentive. It will allow you to get back 25% of whatever you pay for solar power (whether you purchase or lease your system), up to $5,000 - provided, of course, that you have sufficient state tax liability.

We've recently written up a series of articles on the topic of NY's Solar Tax Credit, with links below. Please have a look through and get back to us if anything remains unclear.

Part 1: New York Solar Tax Credit basics – How much is it and how do you claim it?

Part 2: How to claim New York’s Solar Tax Credit if you own your system

Part 3: How to claim New York’s Solar Tax Credit if you go solar with a lease or PPA

Good luck going solar!

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Asked: 2015-03-26 17:33:08 -0500

Seen: 246 times

Last updated: Mar 31 '15