Can You Still Claim the Federal Solar Tax Credit on Long Island in 2025?

The 30% Investment Tax Credit for solar panel systems will expire at the end of this year on December 31st, 2025. If you are currently thinking about getting a solar panel installation on Long Island, you only have a few weeks left to take advantage of this huge financial incentive.

You may still be able to claim the federal tax credit before the end of this year if:

• You purchase your system outright (cash or loan, not leased).
• You incur qualifying expenses before December 31st (installation and equipment costs).
• You install the system at your primary home, and it’s your first time claiming a tax credit for a solar panel system.

The margin of time is exceptionally thin and it is essential that you talk to a solar installer and tax advisor today. Solar panel installation planning can take several weeks before costs are incurred. While there is no guarantee that you will qualify before the end of the year, the faster you act, the more likely it is that you can claim the full federal benefits.

What Happens if You Can’t Claim the Federal Tax Credit for Solar Panel Installation?

The One Big Beautiful Bill Act revoked funding for solar tax credits that were previously funded until 2024. After 2025, there will be no more federal credits for homeowners. However, you won’t be left without benefits.

New York State fully supports clean energy and has active funding for direct tax credits and indirect incentives.

• New York State supports local solar installers on Long Island and families by providing incentives to the contractor, which reduces the cost of switching to solar. These incentives are automatically taken off the top of the bill.
• Homeowners can claim a New York State Solar Tax Credit worth 25% of the cost of the solar installation, up to a total of $5,000.

Even without the federal credit, you will still save money when switching to solar, and solar panels can still pay for themselves over a period of 6 – 10 years. The payback period might be longer without the federal tax credit, but a well-designed system will still ultimately save you money and generate a return on investment.

How Can I Ensure My Solar Panel Installation is Worthwhile?

The most crucial aspect of ensuring a cost-efficient solar installation is to choose a trusted contractor. Power Solutions has connected thousands of families and businesses in Suffolk and Nassau Counties.

• We provide upfront solar estimates to give you a ballpark idea of costs.
• We assist you in understanding tax credits and incentives. Billing is always transparent.
• We use on-site inspections and software modeling to predict your home’s solar potential.
• We can provide financing through our partners. If you qualify for tax credits, these can apply to an initial interest-free period with no money down.
• You will learn about costs and the payback period in a detailed energy savings evaluation with a cost/benefit breakdown.

Switching to solar is one of the most powerful ways to save money and increase your home’s value. Accurate information is crucial. We provide everything you need to make an informed decision, without misleading claims or pressure.

Time is ticking on the federal solar tax credit. Secure the best deal on a Long Island solar installation by calling Power Solutions at (631) 348-0001 today.