What is the Solar Incentive in Suffolk County?
The main solar incentives in Suffolk County are the New York State Solar Equipment Tax Credit and Net Metering. Combined, they provide savings on the original installation and throughout the lifetime of your solar panel system.
What is the New York Solar Tax Credit?
Officially known as the New York State Solar Equipment Tax Credit, this incentive provides a 25% state tax credit up to a maximum of $5,000. It can carry over for up to 5 years, so if the credit is worth more than your yearly state tax burden, you can claim the credit again in subsequent years.
The 25% credit is a dollar-for-dollar credit based on the cost of your solar installation. It significantly reduces the real cost of switching to solar.
Is There Still a Federal Solar Tax Credit in 2025?
The Federal Solar Tax Credit is ending in 2025, but you still have some time to claim it. It is applicable to installations completed before December 31st, 2025.
This credit is worth 30% of your solar installation cost. Time is running out. Start your solar consultation today to ensure your project is completed before the end of the year.
What is Net Metering and How Do I Apply for It?
Net Metering is a program that guarantees compensation for the energy you produce with solar panels.
- Excess energy produced by your solar panels is sent to the grid.
- Your meter spins in reverse to track the energy you send.
- When you consume more than your panels produce, Net Metering helps to cover this.
- At the end of the month, you are billed for the difference. This is the “net” amount. It’s a simple calculation of energy consumed minus energy exported.
- If you end the month with an excess, it will remain on your account. If you end a billing year with excess, PSEG will pay you for the difference at a special wholesale rate.
Net Metering is a crucial incentive because it helps to balance high-production solar days against low-production days. You will still rely on the grid sometimes, but the excess energy you produce will work in your favor. Your home solar installation in Suffolk County will be planned to maximize savings.
Frequently Asked Questions
Does Nassau County Have Solar Incentives?
Solar installations in Nassau County are also eligible for the 25% New York State Tax Credit. Nassau residents can also claim the Federal Solar Tax Credit on an installation completed before December 31st, 2025.
Nassau County also shares the same Sales Tax Exemption and Property Tax Exemption available to Suffolk residents.
Net Metering is available throughout New York.
What is the NY-Sun Incentive?
NY-Sun provides an incentive directly to your solar installation contractor, reducing the cost of the installation. This incentive comes off the top of the bill and varies depending on the size of the system. Some households may also qualify for an Affordable Solar incentive.
New York’s solar incentives are often complex, so it’s important that you choose a local solar contractor experienced in the current incentive and regulatory framework. Power Solutions has connected more than 5,000 households and businesses throughout Long Island and the New York Metropolitan Area. We will ensure that your installation leverages all available incentives.
Does Adding Solar Panels to Your House Increase Its Value?
Solar can increase the value of your home as it’s a major upgrade that can attract better offers and help your home sell faster on the market. However, you don’t need to worry about this affecting your property tax. While not technically an incentive, New York State won’t raise your property tax from any value created by a solar system. This is guaranteed for at least 15 years.
In addition, there is no sales tax applied to solar installations on Long Island.
Get a Free Long Island Solar Estimate and Learn More About Solar Incentives
Power Solutions is your local contractor for dependable solar installations in Suffolk and Nassau Counties. We offer no-money-down solar financing with an initial interest-free period based on incoming tax credits.
Explore the incentives for your installation by contacting us for your free home solar estimate today.
