Nys Solar Tax Credit 2018

The solar energy system equipment credit is not refundable.

Nys solar tax credit 2018.

If you re a new york state resident interested in filing for a renewable energy tax credit you will need to complete the appropriate forms to submit along with your normal yearly tax filing. The credit is equal to 25 of your qualified solar energy system equipment expenditures and is limited to 5 000. The great advantages of the solar equipment tax credit are twofold. New york is a top 10 solar state 1 and for good reason.

New york city credits. As a part of its ambitious reforming the energy vision initiative 2 new york is making solar accessible to households across the empire state. New york state offers several new york city income tax credits that can reduce the amount of new york city income tax you owe. However any credit amount in excess of the tax due can be carried over for up to five years.

Are you a full or part year new york city resident. First you don t have to purchase your system to claim the credit i e. It applies to you even if you went solar with a lease or. Thanks to rebates solar tax credits and exemptions new yorkers could earn back up to 40 on the up.