New York Solar Incentives (2026)
New York homeowners qualify for the 30% federal solar tax credit plus a 25% state tax credit and a $5,000 state rebate. Net metering policy: Full Net Metering. Average payback period: 6.5 years.
30%
Federal ITC
25%
State Tax Credit
$5,000
State Rebate
Full Net Metering
Net Metering
Federal Solar Incentives (Available in New York)
Federal Solar Investment Tax Credit (ITC)
Tax Credit30% of system cost
The federal ITC allows homeowners to deduct 30% of solar installation costs from federal taxes. Available for systems installed through 2032, stepping down to 26% in 2033 and 22% in 2034.
Expires: 2034-12-31
New York-Specific Solar Incentives
NY-Sun Megawatt Block Incentive
Rebate$0.20-0.40/W
NY-Sun provides per-watt incentives through ConEd and other utilities.
Expires: 2026-12-31
New York State Tax Credit
Tax Credit25% up to $5,000
New York offers a personal income tax credit of 25% of qualified solar expenses, capped at $5,000.
New York Property Tax Exemption
Tax Credit15-year exemption
Solar installations are exempt from property tax increases for 15 years in New York.
New York Solar Overview
Peak Sun Hours
3.6 hrs/day
Avg Payback Period
6.5 years
20-Year Savings
$48,200
Electricity Rate
24.33¢/kWh
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Data verified March 2026 · Source: DSIRE, NREL, EIA