Will NY State Pay for My Solar Panels?
New York State offers a Solar Energy System Equipment Credit that will reduce the real cost of installing solar panels. Credits and incentives are a significant factor that make solar an excellent investment in 2025.
How Much Does NY State Contribute to My Solar Bill?
New York’s Solar Energy System Equipment Credit is equal to 25% of your solar installation bill, up to a limit of $5,000.
As it’s a tax credit rather than a direct incentive, the credit is proportionate to the amount of state income tax you owe during the tax year. To ensure that homeowners enjoy the maximum possible benefit, the amount can be carried over for five years.
- If your 25% credit is worth more than your tax due, it can be carried over to the next year, and any subsequent years up to a total of five years until the credit is consumed.
- The NY State Solar Tax Credit directly offsets the real cost of solar by reducing your tax burden.
Who is Eligible for New York’s Solar Tax Credit?
You can claim the NY solar tax credit if:
- You purchase solar energy system equipment outright or through financing, or enter into a solar leasing agreement.
- The system powers your home, heating, cooling, or hot water.
- The solar system is installed at your primary place of residence in New York State.
For families on Long Island, the NY State solar tax credit keeps solar affordable and more accessible.
Frequently Asked Questions
Can I Combine the NY State Solar Tax Credit with the Federal Solar Tax Credit?
The Federal Solar Tax credit is worth 30% of your total solar system cost. Due to recent legislative changes, the Federal credit is only available for solar systems installed up to December 31, 2025. It’s imperative that you begin the consultation process today if you are considering solar and want to take advantage of Federal benefits.
Will a Solar Installation Affect My Property Tax?
Your home on Long Island is 100% exempt from increased property taxes related to the value added by a solar system for 15 years.
Is There a Sales Tax for Solar Panels on Long Island?
Solar panel sales are 100% exempt from sales tax in Suffolk and Nassau counties.
Power Solutions is Your Local Solar Installer on Long Island
New York’s Solar Energy System Equipment Credit is one of the ways you will save when switching to solar. Long Island Power Solutions, the company trusted for reliable solar panels on Long Island, is now known simply as Power Solutions. We are the same team that has installed affordable solar for more than 5,000 families and businesses in the region.
Talk to us today for your free solar estimate. Enjoy the dependability and long-term savings of clean energy at home.
