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What rebates, solar tax credits and other solar incentives are available in New York?

https://www.hytechsolar.com

New York Residential Solar Tax Credit

New York offers a state-based tax credit for new solar generation systems equal to 25% of the costs of a qualified solar system, up to $5,000.

If the amount you receive as a credit exceeds your taxes for the year, the unused portion of your credit can be carried forward for up to 5 years.

For example, if your state income tax is $3,000 and your tax credit is equal to $4,000, you will have $1,000 in credit that will be applied to the next year’s income tax.

 


 

NY-Sun MW block incentive

NY-Sun created the MW block incentive system to help reduce the cost of solar installations. Through this program, the state is broken into three regions:

  • The Con Edison Region (NYC and Westchester County)
  • Long Island Region, and
  • Upstate Region (remainder of the state)

Each region was given a capacity allocation that was broken up into “blocks”, with each block having a different cap for the amount of watts that can be installed. The incentive amount decreases as you move from block to block.

For example, the Con Edison region is currently in Block 8 which has a capacity of 70,000 kW with an incentive of $0.30 per watt installed. This means 70,000 kW of solar can be installed before moving to Block 9. Everyone who goes solar within Block 8 will receive $0.30 per watt they install on their home. When Block 8 has reached its capacity, it will move to Block 9, where you only receive $0.20 per watt installed. So the sooner you install, the better.

In fact, if you install a 5 kW system in the Con Edison region now, you are entitled to a $1,500 rebate. If you wait until the end of the program, you will only receive $1,000.

NY-Sun also runs the Affordable Solar program where they double the size of your rebate depending on your income level.

The MW block program has already closed in the Long Island Region, and the ConEdison and the Upstate Region blocks are filling up fast. The time to switch to solar is now!

Today we congratulate Scott of East Islip, NY for making the switch from PSEG to a 14.5kW ownership solar PV system with us at Hytech Solar!

This system was installed with 50 Jinko 290W panels!

Scott made the switch with us covering 99% of his energy needs by utilizing his roof with no out of pocket expenses, saving money from day one!

This homeowner will save an estimated $108,688+ within 30 years!🤑

The first step to your no obligation solar consultation and breaking your ties to your utility company with solar energy is a phone call away!

(631) 595-5500
www.Hytechsolar.com

Today we congratulate Tricia of North Babylon, NY for making the switch from PSEG to a 4.64kW ownership solar PV system with us at Hytech Solar!

This system was installed with 16 Jinko 290W panels!

Tricia made the switch with us covering 108% of her energy needs by utilizing her roof with no out of pocket expenses, saving money from day one!

This homeowner will save an estimated $58,162+ within 30 years!🤑

The first step to your no obligation solar consultation and breaking your ties to your utility company with solar energy is a phone call away!

(631) 595-5500
www.Hytechsolar.com

 

 

Today we congratulate Michael & Rebecca of Bayville, NY for making the switch from PSEG to a 12.6kW ownership solar PV system with us at Hytech Solar!

This system was installed with 35 LG 360W panels!

Michael & Rebecca made the switch with us covering 100% of their energy needs by utilizing their roof with no out of pocket expenses, saving money from day one!

This homeowner will save an estimated $147,469+ within 30 years!🤑

The first step to your no obligation solar consultation and breaking your ties to your utility company with solar energy is a phone call away!

(631) 595-5500
www.Hytechsolar.com