Nys Solar Tax Credit 2018

Are you a full or part year new york city resident.

Nys solar tax credit 2018.

If you re a new york state resident interested in filing for a renewable energy tax credit you will need to complete the appropriate forms to submit along with your normal yearly tax filing. 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.

Learn how you can benefit from new york s solar incentives rebates tax credits today. The credit is equal to 25 of your qualified solar energy system equipment expenditures and is limited to 5 000. New york city credits. However any credit amount in excess of the tax due can be carried over for up to five years.

It applies to you even if you went solar with a lease or. The great advantages of the solar equipment tax credit are twofold. New york is a top 10 solar state 1 and for good reason. As a part of its ambitious reforming the energy vision initiative 2 new york is making solar accessible to households across the empire state.