Nys Solar Tax Credit 2018

However any credit amount in excess of the tax due can be carried over for up to five years.

Nys solar tax credit 2018.

The credit is equal to 25 of your qualified solar energy system equipment expenditures and is limited to 5 000. Thanks to rebates solar tax credits and exemptions new yorkers could earn back up to 40 on the up. In addition to our incentive programs and financing options you may qualify for federal and or new york state tax credits for installing solar at home. The solar energy system equipment credit is not refundable.

The new york solar tax credit can reduce your state tax payments by up to 5 000 or 25 off your total solar energy expenses whichever is lower. New york city credits. New york state offers several new york city income tax credits that can reduce the amount of new york city income tax you owe. As a part of its ambitious reforming the energy vision initiative 2 new york is making solar accessible to households across the empire state.

First you don t have to purchase your system to claim the credit i e. It applies to you even if you went solar with a lease or. Learn how you can benefit from new york s solar incentives rebates tax credits today. New york is a top 10 solar state 1 and for good reason.