Financial Benefits & Incentives of Residential Solar in New York.
New York’s solar incentives and rebates are among the most generous in the country — making it easier and more affordable than ever to go solar.
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New York State Income Tax Credit
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NY State residents are eligible for a 25% tax credit (up to $5,000).
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NY State Sales Tax
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The 4% sales tax is waived for solar energy equipment and installation services.
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NYC Solar Property Tax Abatement
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Meant to encourage the adoption of solar energy throughout the city, the NYC Solar Property Tax Abatement covers 30% of your installation costs and reduces your property tax bill over 4 consecutive years.
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NY State Solar Rebate
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The NY-Sun Megawatt Block Rebate is run by NYSERDA. It divides the state into regions with designated megawatt allocations. The exact incentive amount depends on project size and location, and incentives are structured to phase out overtime. Only households at or below 80% of Area Median Income (AMI) remain eligible to receive $0.80/watt.
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Net Metering
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Residential customers are eligible to receive 1:1 bill credits – meaning your utility credits you for every kilowatt-hour (kWh) of excess energy you send back to the grid.
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Energo experts will walk you through every incentive and rebate you qualify for, to show you exactly what your system will cost after savings.
If financing is needed, we can connect you with our trusted financing partners to cover the rest — so you can move forward with confidence and clarity.