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What are the current solar incentives in New York State?

asked 2015-03-31 18:17:41 -0500

hudsonny gravatar image

I live in upstate New York and want to get a clearer picture of what the incentives are for going solar. I know about the federal tax credit and have heard that there's an NY state tax credit as well. Are there any other incentives?

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answered 2015-04-02 23:50:13 -0500

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updated 2015-04-02 23:50:13 -0500

energysage gravatar image

Hi hudsonny,

There are some great incentives available in New York State at the moment - in fact, New York's solar incentives are some of the best in the country.

The main programs that make solar a great deal in New York State are:

-The Megawatt Block Incentive, which provides an up-front discount on the cost of installing a system. (The most generous incentives currentlyavailable through this program are actually in Upstate NY.) Under this program, you will (at the time of writing) receive a discount of $0.70 per every watt of solar capacity that you have installed if you live in the upstate region - or about $4,200 off the price of a 6kW solar system.

-New York's Solar Tax Credit, which saves you 25% on the cost of solar, regardless of whether you purchase or lease your solar energy system.

-Net Metering, which guarantees that anyone with a solar energy system gets paid the full retail rate for the electricity that their system produces.

Hope this helps! Good luck going solar.

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Asked: 2015-03-31 18:17:41 -0500

Seen: 156 times

Last updated: Apr 02 '15