Take Advantage of Local New York Tax Incentives for Solar Panels
Find out exactly how much solar will save NY homeowners
Solar Installers in New York
New York has everything from the bustling city to the beautiful Niagara Falls. What many residents might not know is that New York is one of the best solar states in the nation!  Tax rebates, solar tax credits and other incentives are making solar energy accessible to New Yorkers statewide.
Residents of New York can save an estimated $19,000 in the 20 years after a solar purchase. If you would like to save more on your monthly utility bills, accumulate long-term savings and reduce your carbon footprint then solar power may be right for you!
Incentives and Tax Credits
There are several ways that New Yorkers can accumulate long-term savings while offsetting the cost of their solar energy systems. Read on to see what rebates and tax credits you may qualify for.
Solar Sales Tax Exemption: This is one of many incentives available in the Empire State. That means you can pocket the extra 4% state sales tax you would normally pay when you buy a home solar panel system. 
New York State Solar Tax Credit: New York residents are eligible for a credit equal to 25% of their system cost or up to $5,000. If you don’t pay enough in taxes to claim the credit in a year, the excess credit will carry over to the following year. 
Solar Tax Credits: On top of state incentives, owners of solar power systems are also eligible for solar tax credits. Solar tax credits, also known as federal tax credits, allow solar panel system owners to deduct 26% of the cost of installation from their federal taxes.
Residential and commercial solar energy system owners can deduct 26% of the cost of installation for systems that have begun construction through 2020. Their solar tax credits then decrease as depicted by the following timetable:
- 2020 – 26%
- 2021 – 22%
- After 2021 – 10% permanently
If you’re still concerned about the cost of solar, ask us about our flexible solar financing options. Momentum offers customized payment plans that can include $0 upfront cost!
Why Momentum Solar?
Solar Power Redefined: We strive to achieve 100% solar offset for our customers to maximize savings and increase the generation of clean energy. Momentum customizes each system design using first-class materials – keeping your home beautiful while bettering the environment.
Customer Experience Redefined: As an owner-operated company, our customers are our first priority. We will be there for you step by step and guide you through system design, engineering, permitting, installation, inspection and activation to ensure a seamless transition to solar energy.
Community Redefined: Momentum Solar is redefining what it means to be part of a community. We cherish our community comprised of our customers, employees and neighborhoods that we service. When you chose Momentum Solar, you choose Family.
How Do I Find a Solar Installer Near Me?
At Momentum, we take care of you and your solar needs every step of the way. We are among the best solar companies in New York – give us a call today!
To get started, click here for a free estimate for your home solar installation.
This customer’s bill is estimated to be $150 lower than the previous bill.
What you can do next:
Discover a new way to save energy.