New York Residential Solar Tax Credit

New York Residential Solar Tax Credit

Incentive Type Personal Income Tax Credit
Eligible Technologies Solar Hot Water, Solar Space Heating, Solar Electric (PV)
Applicable Sectors Residential, Multi-Family Residential
Incentive Amount 25% For All Technologies
Maximum Incentive $5,000
Eligible System Size(s) 25kw Maximum (50kw For Condo & Coop Associations)
Equipment Standards Systems & Components Must Be New And Meet All Performance And Safety Standards
Installation Standards PV Systems Must Be Grid-Tied & Net-Metered
Carryover Excess Credit May Be Carried Forward A Maximum Of 5 Years
Date Enacted Jan 1, 1998 (PV) / Jan 1, 2006 (Solar Thermal)

More Information Contact:

Taxpayer Assistance – Personal Income Tax Information Center
New York State Department of Taxation and Finance
W.A. Harriman Campus
Albany, NY 12227
P: 518.457.5181
www.tax.ny.gov

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