The federal government offers its own credit program for taxpayers. You can enjoy a generous NY solar tax credit under the federal program, which isn’t capped.
You are eligible for the current federal NY solar tax credit if:
- You install a system before December 21, 2021.
- You are installing solar for the first time (the credit must be claimed on a new system).
- You are having solar installed at a primary or secondary residence.
The federal NY solar tax credit provides 22% of the total cost of a solar installation, with no cap. It is currently valid for all of 2021 and could be extended. With current government policy, we will likely see the incentive continued or a similar incentive created. Federal credits are introduced and approved by Congress and the Executive Branch. New York State representatives do not directly control or administer the federal NY solar tax credit.
In your initial consultation, we’ll explain all current NY solar tax credits and plan your financing around the expected benefits.