Nys Solar Tax Credit 2018

The great advantages of the solar equipment tax credit are twofold.

Nys solar tax credit 2018.

New york is a top 10 solar state 1 and for good reason. 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. 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 state offers several new york city income tax credits that can reduce the amount of new york city income tax you owe. The credit is equal to 25 of your qualified solar energy system equipment expenditures and is limited to 5 000. 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.

Are you a full or part year new york city resident. New york city credits. However any credit amount in excess of the tax due can be carried over for up to five years. The solar energy system equipment credit is not refundable.