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
Leave a Reply
You must be logged in to post a comment.