The Investment Tax Credit (ITC), also commonly referred to as the federal tax credit formerly provided a 30% tax credit for projects installed through the end of 2025.
Previously lasting through 2034, with the July 4th passing of the One Big Beautiful Bill Act, the tax credit was only available for residential projects through December 31, 2025. In 2026 and beyond there is no federal solar tax credit for homeowners.
This incentive differs from other incentives in that it works in a block grant format. The incentive rewards early movers in installing solar by rewarding them with more money by the wattage of their solar system.
State Tax Credit:
The state tax credit (which can be claimed in addition to the federal tax credit) provides an additional 25% tax credit for New York state taxes. However this incentive caps at $5,000.
If an individual’s tax credit exceeds that of their tax liability, then the tax credits are eligible to be carried over for up to 5 years.
The Affordable Solar Program gives the opportunity for underserved households and communities qualify for solar. To calculate how to qualify for this program, NYSERDA measures gross household income combined with the total household occupancy.
EastRise Credit Union:
First NY Federal Credit Union:
This Earth Day, we’ve put together 10 meaningful ways you can cut energy use, lower bills, and celebrate the planet today and every day. “Our Power, Our Planet” is the theme of this year’s Earth
It has no Social Security number, no bank info, and no credit card numbers.The information it does have helps us save you real money. When we start working with a New York homeowner or business
How AI’s explosive growth is driving up your electric bill, and what New York homeowners can do about it Spring may be right around the corner, however we’re still feeling the effects of this winter’s
