All federal benefits apply to entities in New York.

Homeowners can claim a tax credit equal to 25% of their solar installation costs, up to $5,000. This applies to both owned and leased systems, including Power Purchase Agreements (PPAs) lasting at least 10 years.

New York offers a 15-year exemption from property taxes on the added value of solar energy systems. This means your property value increase due to solar installation won't result in higher property taxes.

The state provides a 100% exemption from state sales tax (4%) and the Metropolitan Commuter Transportation District (MCTD) tax (0.375%) on the purchase of solar equipment.

This program offers upfront rebates based on the size of the solar system installed. The rebate varies by region and is available until funding is exhausted.

For renters and those unable to install solar panels, New York's community solar programs allow participation in shared solar projects, providing bill credits for solar energy generated off-site.

Homeowners can receive full retail credit for excess electricity generated by their solar systems. This credit offsets future electricity bills.

An alternative to net metering, VDER compensates solar owners based on factors like energy value, environmental value, and demand reduction.

Under the Inflation Reduction Act (IRA) of 2022, tax-exempt organizations such as nonprofits are now eligible to receive a direct payment equal to 30% of their solar installation cost, effectively mirroring the federal Investment Tax Credit (ITC).

New York offers a combination of federal incentives, state tax credits, exemptions, and utility-level programs to make solar energy a viable and beneficial investment for individuals, businesses, and nonprofits.