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
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
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Summary |
Lowest cost, immediate savings |
Flexible ownership option. Own your system with no upfront cost. |
Own your system |
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Upfront Payment |
$0 Down |
$0 Down |
$0 Down |
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Ownership |
Third-Party Financing |
You |
You |
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Monthly Payments |
Low lease payments |
Fixed |
None |
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Payment Terms |
Monthly payments |
10-25 Years |
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Included Care & Maintenance |
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Energy Monitoring |
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25 Year System Warranty |
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Property Tax Abatement is only in NYC |
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Choose a plan that works for you
Monthly Lease
- 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
- 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
- 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.
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