New York Energy Tax Credits

New York Energy Tax Credits for grid-tied photovoltaic systems

New York State Energy Research and Development Authority (NYSERDA) provides incentives of $2 to $5 per watt (DC) to eligible installers for the installation of approved, grid-connected photovoltaic (PV) systems. The maximum capacity supported by the program is 8 kW for residential systems. Incentives are only available to eligible installers, and incentives must be passed on to customers. Once eligible, installers reserve incentives for approved systems, for specific customers.

• Residential Incentives: $3.00/W up to 4 kW, $2.00/W for next 4 kW up to a maximum of 8 kW per site meter
• Bonus incentive: $0.50/W for Energy Star Homes and building integrated PV (BIPV) systems

Property Tax Excemption

Section 487 of the New York State Real Property Tax Law provides a 15-year real property tax exemption for solar and wind energy systems constructed in New York State For more information contact the Public Information Officer (518) 486-5446

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