Consistently ranking in the top-10 for thriving solar markets, New York has a substantial amount of solar generation across the state. Due to the state’s NY-SUN initiative, the Empire state has committed to a 10-year, $1 billion dollar budget for developing self-sustaining solar market for homes, businesses and communities.
New York Home Solar Incentives1
The New York State Solar Equipment Tax credit helps reduce state tax payments by up to $5,000 or 25% off your total solar energy expenses, whichever is less. This incentive offers homeowners the choice to lease or buy, because you don't have to purchase a system to claim the credit and, if your tax liability isn't big enough to claim the entire credit during the first year, you can roll it over and claim the credit the following year.
Average Utility Costs in New York
On average, residents in New York pay an annual 2 percent increase on average, which makes leasing or buying a home solar system a great investment. When homeowners choose Sunnova home solar plans, on average, they can save 20 percent to 30 percent for electricity costs.
Source: U.S. Energy Information Administration (EIA)
New York has taken impressive steps to reform its energy systems and reduce carbon emissions in the state. Residents may be eligible for traditional net metering credits on their utility bill for any surplus electricity generated and sent back to the grid.
It’s Time to Go Solar
When New Yorkers choose Sunnova, they have solar service plan options to fit their lifestyle. Our home solar plans offer affordable, steady, monthly payment plans, plus a best-in-class, comprehensive warranty, Sunnova Protect3, to cover out-of-pocket expenses for maintenance and repairs, including labor.
1 Sunnova makes no guarantees regarding customer eligibility for tax benefits. Sunnova does not provide tax advice. Contact your personal tax advisor for eligibility.
2 Sunnova makes no guarantees regarding credit for net energy exported to the electric grid, and any credit provided (now or in the future) is within the sole discretion and control of the utility company.
3 Refer to the Limited Warranty in your agreement for complete warranty terms and limitations. Your solar system production will vary based on weather and other factors. Solar system’s cumulative production will be evaluated to validate annual production guarantee. Refer to your agreement for details. Restrictions and limitations apply. The service agreement can be transferred to the new homeowner. Sunnova’s approval required. Some restrictions apply.
National Grid (KeySpan Energy)
NYC General Contractor License: 617154 R
NYC Home Improvement License: 2050577-DCA
Putnam County, New York License: PC7158
Rockland County, New York License: H-12677
Suffolk County, New York License: HI60846
Find out how much you can save with solar power. There’s no obligation, so you have nothing to lose -- except part of your electricity bill.