Maximizing State & Federal
Tax Incentives
New York
Federal Solar Tax Credit
One of the best available solar panel incentives is the Federal Solar Tax Credit. This qualifies you for a 30% reduced cost on your total system.
Net Metering
Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any remaining excess.
Solar Energy System Equipment Credit
New York state offers a tax credit of up to $5,000 when you go solar. This tax credit can be claimed over a span of 5 years.
Property & Sales Tax Exemption
You will not have to pay any sales tax on your solar panels if you live in New York.
Additionally, the Property Tax Exemption for Renewable Energy Systems keeps you
from paying any additional taxes on the increased value of your home.
(NYSERDA)
New York State Energy Research
and Development Authority
NYSERDA works directly with solar contractors and developers to help offset the cost of New York residents going solar.
This incentive is automatically
applied to your solar cost, providing you with better savings.
NYC Property Tax Abatement
NYC (all five boroughs) provides any homeowner who goes solar a 20% property tax abatement over the next four years.
Connecticut
Federal Solar Tax Credit
One of the best available solar panel incentives is the Federal Solar Tax Credit. This qualifies you for a 30% reduced cost on your entire system.
Renewable Energy Credits (RECs)
The REC program is designed to reward Connecticut homeowners for switching to solar energy by awarding them cash credits toward their solar system cost for 20 years.
Property & Sales Tax Exemption
You will not have to pay any sales tax on your solar panels and increases the value of your home while also keeping you from paying any additional taxes on the increased value of your home.
Net Metering
Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any excess.
New Jersey
Federal Solar Tax Credit
One of the best available solar panel incentives is the Federal Solar Tax Credit. This qualifies you for a 30% reduced cost on your entire system.
Renewable Energy Credits (RECs)
The REC program is designed to reward Connecticut homeowners for switching to solar energy by awarding them cash credits toward their solar system cost for 20 years.
Property & Sales Tax Exemption
You will not have to pay any sales tax on your solar panels and any tax on the increased value of your home
Net Metering
Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any excess.
Florida
Federal Solar Tax Credit
One of the best available solar panel incentives is the Federal Solar Tax Credit. This qualifies you for a 30% reduced cost on your total system!
Property & Sales Tax Exemption
You will not have to pay any sales tax on your solar panels and the increased value of your home if you live in Florida.
Net Metering
Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any excess.