Solar Energy Incentives Nyc

The solar energy system must use solar radiation to produce energy for heating cooling hot water or electricity for residential use.

Solar energy incentives nyc.

The program provides an up front dollars per watt w rebate for both commercial and residential solar panel systems. Learn how you can benefit from new york s solar incentives rebates tax credits today. We offer incentives and financing options to lower the cost of purchasing and installing solar at home. Ny sun works directly with solar contractors and developers to offset the cost for new york residents to go solar.

As the solar capacity of a particular region rises the amount that homeowners are eligible to receive declines until the incentive phased out altogether. New york s megawatt block incentive is a direct generous incentive for solar energy available under new york s ambitious ny sun initiative. Thanks to rebates solar tax credits and exemptions new yorkers could earn back up to 40 on the up. Modeled on a similar program in california new york s megawatt block incentive offers funding on a per watt basis to homeowners who install solar energy systems.

New york is a top 10 solar state 1 and for good reason. The new york state energy research and development authority nyserda offers incentives for the installation of solar water heating systems for residential commercial agricultural governmental and not for profit institutional customers of the state s major investor owned utilities. As a part of its ambitious reforming the energy vision initiative 2 new york is making solar accessible to households across the empire state. The system must also be installed and used at your principal residence in new york state.