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Incentive Summaries

Federal Tax Credit: Any person in the United States who goes solar qualifies for an income tax credit equal to 30% of the total cost of the system (after rebate). This is a dollar-for-dollar credit that will be applied against your federal income tax. As long as you are paying federal income tax you will be able to take advantage of the tax credit.

NY State Tax Credit: Building owners who install solar at their primary residency will qualify for a New York State income tax credit equal to 25% of the total system cost (after rebate) with a maximum credit value of $5,000.

NY-SUN NYSERDA Grant: Building owners who install solar on their property in New York State in public utility territory (Con Edison) will qualify for the New York State Energy Research and Development Authority (NYSERDA) rebate. The rebate is currently at $0.40 per watt In ConEd territory and diminishing quickly.

NYC Property Tax Abatement: Building owners who go solar in NYC will qualify for a property tax abatement equal to 20% of the total system cost (after rebate), applied against their property taxes in quarters over four years.

CT Green Bank Grant: The Expected Performance-Based Buydown incentive (EPBB) (Rebate) is available to homeowners choosing to purchase a PV system from an Eligible Contractor. With EPBB, the Contractor presents the rebate as an upfront cost reduction to the customer and is reimbursed by the Green Bank upon completion of the project. The current rebate is $0.463/Watt for the first 10kW-DC and $0.40/Watt for the second 10kW-DC (Up to 20 kW-DC). The rebate total can be reduced if moderate to high levels of shading are present at the installation location.

Net Metering: Net metering is available in all public utility territories in New York on a first come, first served basis. Net excess generation is credited to the next month's bill and trued up on an annual basis. If there is excess generation at the end of a year, ConEd will reimburse the customer at an avoided cost rate.