Solar Incentives for NY, NJ, CT, PA, and FL.

With net metering, you can offset your energy costs by  transferring your surplus power to your community. There are different solar incentives based on where you’re living.

Federal Solar Credit/ (ITC)

The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar PV system paid for by the taxpayer. (Other types of renewable energy are also eligible for similar credits but are beyond the scope of this guidance.) The installation of the system must be completed during the tax year. Solar PV systems installed in 2020 and 2021 are eligible for a 26% tax credit. In August 2022, Congress passed an extension of the ITC, raising it to 30% for the installation between 2022-2032. (Systems installed on or before December 31, 2019, were also eligible for a 30% tax credit.) It will decrease to 26% for systems installed in 2033 and to 22% for systems installed in 2034. The tax credit expires starting in 2035 unless Congress renews it.

There is no maximum amount that can be claimed.

Compare Different Payment Options for
Solar Energy

Monthly Lease

Finance to Own

Outright Purchase

Features

Summary

Lowest cost, immediate savings

Flexible ownership option. Own your system with no upfront cost.

Own your system

Upfront Payment

$0 Down

$0 Down

$0 Down

Ownership

Third-Party Financing

You

You

Monthly Payments

Low lease payments

Fixed

None

Payment Terms

Monthly payments

 10-25 Years

None

Benefits

Included Care & Maintenance

Energy Monitoring

25 Year System Warranty

Tax Credits

Property Tax Abatement is only in NYC

Features
Features column
Summary
Lowest cost, immediate savings
Flexible ownership option. Own
your system with no upfront cost.
Own your system
Upfront Payment
$0 Down
$0 Down
$0 Down
Ownership
Third-Party Financing
You
You
Monthly Payments
Low lease payments
Fixed
None
Payment Terms
Monthly payments
 10-25 Years
Benefits

Included Care & Maintenance

Energy Monitoring

25 Year System Warranty

Property Tax Abatement is only in NYC

Choose a plan that works for you

Weather you choose to lease or purchase your solar system, our team will work hard to ensure that you have the best looking solar panels and an energy system that helps you save money for decades to come.

Monthly Lease

$0 / down
  • Only pay for the power you produce.
  • No down payment
  • Owned by Lessor
  • Tax Incentives
  • Fixed monthly payment
  • 25 years to pay off
  • 25 years warranty

Finance to Own

$0 / down
  • Only pay for the power you produce.
  • No down payment
  • Owned by Lessor
  • Tax Incentives
  • Fixed monthly payment
  • Loan duration 10, 15, 20, 25, years
  • 25 years warranty

Purchase

Cash
  • No monthly payments. It’s your system. You Own it
  • Payment due at installation
  • Owned by you
  • No monthly payment
  • 25 years warranty

Providing premium service and the best looking system for solar with $0 down for

New York Solar Incentives.

Federal Solar Tax Credit

One of the best available solar panel incentives is the Federal Solar Tax Credit, which qualifies you for a 30% reduction*. This increases your overall property value while reducing your environmental footprint.

Net Metering

Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any remaining excess.

Solar Energy System Equipment Credit

New York state offers a tax credit of up to $5,000 when you go solar. This tax credit can be claimed over a span of 5 years.

Property & Sales Tax Exemption

You will not have to pay any sales tax on your solar panels if you live in New York. Additionally, the Property Tax Exemption for Renewable Energy Systems keeps you from paying any additional taxes on the increased value of your home.

New York State Energy Research and Development Authority (NYSERDA)

NYSERDA works directly with solar contractors and developers to help offset the cost of New York residents going solar. Incentives are provided directly to your selected contractor and vary throughout the state. This incentive is automatically applied to your solar cost, providing you with better savings.

NYC Property Tax Abatement

NYC (all five boroughs) provides any homeowner who switches to solar energy a 20% property tax abatement over the next four years.

Federal Solar Tax Credit

One of the best available solar panel incentives is the Federal Solar Tax Credit, which qualifies you for a 30% reduction*. This increases your overall property value while reducing your environmental footprint.

Net Metering

Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any remaining excess.

Solar Renewable Energy Credits (SRECs)

The SREC-II program is designed to reward New Jersey homeowners for switching to solar energy by awarding them cash credits toward their solar system costs for 15 years.

Property & Sales Tax Exemption

You will not have to pay additional property taxes on the value the solar panels add to your home. On average, solar panels increase homes in New Jersey by 9.9%*

Federal Solar Tax Credit

One of the best available solar panel incentives is the Federal Solar Tax Credit, which qualifies you for a 30% reduction*. This increases your overall property value while reducing your environmental footprint.

Net Metering

Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any remaining excess.

Renewable Energy Credits (RECs)

The REC program is designed to reward Connecticut homeowners for switching to solar energy by awarding them cash credits toward their solar system cost for 20 years.

Property & Sales Tax Exemption

You will not have to pay any sales tax on your solar panels if you live in Connecticut. Additionally,  the Property Tax Exemption for Renewable Energy Systems keeps you from paying any additional taxes on the increased value of your home.

Federal Solar Tax Credit

One of the best available solar panel incentives is the Federal Solar Tax Credit, which qualifies you for a 30% reduction*. This increases your overall property value while reducing your environmental footprint.

Net Metering

Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any remaining excess.

Solar Renewable Energy Credits (SRECs)

The SREC-II program is designed to reward Pennsylvania homeowners for switching to solar energy by awarding them cash credits toward their solar system costs for 20 years.

Property & Sales Tax Exemption

You will not have to pay additional property taxes on the value the solar panels add to your home. On average, solar panels increase homes in Pennsylvania by 9.9%*

Federal Solar Tax Credit

One of the best available solar panel incentives is the Federal Solar Tax Credit, which qualifies you for a 30% reduction*. This increases your overall property value while reducing your environmental footprint.

Net Metering

Net metering enables you to receive full retail credit on your utility bill for each kWh of electricity your system produces over a year. Then, at the end of an annualized period, you will receive credit on your utility bill at the wholesale value of electricity for any remaining excess.

Property & Sales Tax Exemption

You will not have to pay any sales tax on your solar panels if you live in Florida. Additionally, the Property Tax Exemption for Renewable Energy Systems keeps you from paying any additional taxes on the increased value of your home.

Property & Sales Tax Exemption

You will not have to pay any sales tax on your solar panels if you live in Florida. Additionally, the Property Tax Exemption for Renewable Energy Systems keeps you from paying any additional taxes on the increased value of your home.

25-Year
Warranty

Top-Rated
Customer Service

Save 30%-60%*
Energy

State-of-the-Art
Equipment

Making The Switch to Solar is as Easy as
1,2,3 with Precision Solar

We provide the industry’s most significant cost savings, the highest-quality solar panels and components for residences, and world-class installation that prioritizes the safety of our customers and installers.

01

SITE SURVEY

We’ll coordinate a day to send a surveyor to your home. They will get on your roof to take measurements, determine your roof condition, re-cord solar access/shading data, and take photos of all your electrical components.

02

ENGINEERING

Our designers will finalize your design and prepare your electrical and structural blueprints.

03

PERMITTING

We will submit all plans and required applications and pay all fees to your town’s building department.

01

SITE SURVEY

We’ll coordinate a day to send a surveyor to your home. They will get on your roof to take measurements, determine your roof condition, re-cord solar access/shading data, and take photos of all your electrical components.

02

ENGINEERING

Our designers will finalize your design and prepare your electrical and structural blueprints.

04

UTILITY APPROVALS

We will also file for preliminary approval with your electric company so that they can replace your old meter with a brand-new solar meter.

03

PERMITTING

We will submit all plans and required applications and pay all fees to your town’s building department.

06

ACTIVATION

Once your system is installed, your building department will conduct the final inspection. Upon approval, you will then start producing your own energy.

05

INSTALLATION

With our trusted install partners, you will get your system installed in one day.

04

UTILITY APPROVALS

We will also file for preliminary approval with your electric company so that they can replace your old meter with a brand-new solar meter.
We also provide roofing services before installing solar panels, such as roof replacement. Our team at Precision Solar will be with you every step of the way and help you submit all required plans and applications to the state.