Solar Panel Rebates Ny

In 2014 new york announced a new strategy reforming the energy vision rev to strengthen and modernize the empire state s energy system through rev the clean energy fund cef was developed to provide funding for programs such as ny sun a leader in solar funding and financing options.

Solar panel rebates ny.

The solar energy system equipment credit is not refundable. The program provides an up front dollars per watt w rebate for both commercial and residential solar panel systems. If you buy your system in cash or with a solar loan that means you also get the tax credits rebates and srecs for the system however if you lease your system the third party owner will receive all of the solar incentives. We offer incentives and financing options to lower the cost of purchasing and installing solar at home.

All of the financial benefits listed below go to the owner of the solar panel system. Ny sun works directly with solar contractors and developers to offset the cost for new york residents to go solar. New york solar power overview. But don t wait government financial incentives are decreasing.

New york state plans to take over management of a popular solar panel rebate program long handled by lipa and more recently pseg long island with a road map to end rebates in 2017 or sooner the reba. The system must also be installed and used at your principal residence in new york state. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. The state offers a balanced mix of good solar incentives and relatively high electricity prices that makes home solar in new york a very attractive financial investment.

The credit is equal to 25 of your qualified solar energy system equipment expenditures and is limited to 5 000. New york has an array of solar incentives available to home and business owners looking to go solar. Ny sun makes going solar easier and more affordable for new york residents. Ny sun brings together and expands existing programs administered by nyserda long island power authority lipa pseg long island and the new york power authority nypa to ensure a coordinated well supported solar energy expansion plan and a transition to a sustainable self sufficient solar industry.

When it comes to home solar panels new york has long been one of the best places in the country. How much is the credit. The tax break reduces.