| New York property owners are eligible for a personal | | | | State Energy Research and Development Authority |
| tax credit of up to 25% off a solar system | | | | solar incentive is equal to $1.75/watt DC. The solar |
| installation. The maximum incentive for solar energy | | | | system is subject to shading, system orientation, tilt |
| system is $5,000. | | | | angle, and other losses of solar performance. |
| System sizes cannot exceed 10kW for residential | | | | Production output may not exceed 110% of the |
| photovoltaic solar systems. Condominium and | | | | required annual energy load. The maximum New York |
| cooperative housing associations are allowed up to | | | | State Energy Research and Development Authority |
| 50kW per photovoltaic solar system. | | | | solar incentive amounts and system capacities are as |
| If the tax credit exceeds your taxable liability, it may | | | | follows: |
| be carried forward for the next five tax years. | | | | Residential: $13,750, 5kW |
| To take advantage of this personal tax credit, solar | | | | Non-residential: $112,500, 50kW |
| systems must meet the New York net metering law | | | | Non-profit, government, schools: $56,250, 25kW |
| which limits photovoltaic systems to 10kW. However, | | | | There are also local options to help property owners |
| the law was expanded in August 2008 with S.B. 7171; | | | | install solar. Photovoltaic systems have a 100% |
| it allowed net-metering on residential photovoltaic | | | | property tax exemption for up to 15 years. Another |
| solar systems less than 25kW. The state has not | | | | local option is a Municipal Sustainable Energy Program |
| clarified whether or not the new net-metering law | | | | where property owners use Property-Assessed |
| limits can be applied to this personal tax credit for | | | | Clean Energy (PACE) financing to pay for renewable |
| solar systems. | | | | energy upgrades. In July 2005, New York made all |
| The New York State Energy Research and | | | | sales and installations of residential solar-energy |
| Development Authority (NYSERDA) also offers | | | | systems 100% exempt from the state sales tax and |
| rebates to photovoltaic installers. This New York | | | | use tax. |