Nys Solar Panel Incentives

Ny sun brings together and expands existing programs administered by nyserda long island power authority lipa pseg long island and the new york power authority nypa to ensure a coordinated well supported solar energy expansion plan and a transition to a sustainable self sufficient solar industry.

Nys solar panel incentives.

The average cost of installing residential solar panels in new york new york in 2020 is 2 78 per watt. If you live in new york and are thinking about going solar you should know that thanks to the many financial incentives available 2020 is an excellent year for you to install solar panels. We offer incentives and financing options to lower the cost of purchasing and installing solar at home. While sunlight is not always plentiful in the northeast new york residents should feel fortunate that the state offers very fair financial incentives for going solar.

Ny sun works directly with solar contractors and developers to offset the cost for new york residents to go solar. The system must also be installed and used at your principal residence in new york state. The program provides an up front dollars per watt w rebate for both commercial and residential solar panel systems. Ny sun makes going solar easier and more affordable for new york residents.

New york state tax credit. The tax break reduces. The solar energy system must use solar radiation to produce energy for heating cooling hot water or electricity for residential use. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group.

New york has long been a leader in installed solar capacity. But don t wait government financial incentives are decreasing. New york s megawatt block incentive is a direct generous incentive for solar energy available under new york s ambitious ny sun initiative.