TAX CREDITS & REBATES
Federal
Tax Credit Equivalent to 30% of Project Costs – visit linked site below for relevant information, terms and forms
USA Department of Energy Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics
IRS Form 5695 for Solar Residential Energy Credits
State
Tax Credit Equivalent to 25% of Project Costs but limited to $5,000 – visit linked site below for relevant , terms and forms
New York State Information on Solar Energy System Equipment Credit
New York State Form IT 255 - Claim for Solar Energy System Equipment Credit
City
Property Tax Abatement Equivalent to 30% of Project Costs – visit linked site below for relevant information and terms
NYSERDA
Offers incentives including direct rebates and attractive financing rates on solar projects within New York
Utility
In New York, Con Edison offers rebates on installation of electric HVAC split units for the purpose of conversion to electric heat.
Note - The combination of conversion to electric
heat and solar power for
electricity can serve to further substantially
increase savings.