Previously ranked a close number two in the country for solar in the country. Recent changes have rocketed NY into having the best program by FAR. It is just a question now of how long will the money last. The cost of going solar in NY can be covered by incentive by of 75%. It has never been cheaper to go solar in the Empire State.
State Incentive Rebates
Residential – $1.40 per watt, NOW UNCAPPED to 25 WATT.
Commercial- $1.40 per watt, up to 50 kW.
Not-for-Profit – $1.40 per watt, up to 25 kW.
State Income Tax Credits
For residential solar systems, New York State provides an income tax credit for up to 25% of the system cost, with a maximum of $5,000.
The federal government provides a 30% tax credit for both residential and commercial solar systems. Please discuss all tax matters with a financial professional.
Systems that used to cost $25,000 are costing New Yorkers a net cost of $5000 dollars. If you have good sun you can recoup your entire investment in less than 4 years . these are just crazy numbers.