Solar Incentives & Rebates in New York

New York homeowners can take advantage of federal and state incentives to significantly reduce the cost of going solar. Below is a complete breakdown of every incentive, rebate, and policy available in New York.

Net Metering

Full retail-rate net metering

SREC Program

SRECs available — earn credits for solar generation

State Tax Credit

25% state income tax credit

All Solar Incentives in New York

Federal Solar Investment Tax Credit (ITC)

Tax Credit

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

Value: 30% of system cost
Eligibility: All US homeowners with sufficient tax liability. System must be new and installed on primary or secondary residence.
Expires: 30% through 2032, 26% in 2033, 22% in 2034

New York State Solar Tax Credit

Tax Credit

Generous state tax credit that stacks with the federal ITC.

Value: 25% of cost, up to $5,000
Eligibility: New York State residents
Expires: Ongoing

NY-Sun Megawatt Block Program

Rebate

Declining block incentive program administered by NYSERDA.

Value: $0.20-0.40/W upfront incentive
Eligibility: Systems installed in NY utility territories
Expires: While blocks available

New York VDER (Value of DER)

Net Metering

Advanced net metering replacement that values solar exports based on multiple factors.

Value: Value stack based on time, location, and grid benefit
Eligibility: All net-metered systems in NY
Expires: Ongoing

Related Solar Resources for New York

Solar Savings in New YorkSee how much you can save with solar in New YorkSolar Financing in New YorkCompare financing options for solar in New YorkIs Solar Worth It in New York?Full cost-benefit analysis for solar in New York

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