You’re Eligible for Local Solar Incentives
Going solar in NYC and reducing your carbon footprint is more affordable than you think. New York City has some of the best financial incentives for residential solar in the country. Through state and local tax credits and rebates, the cost of your solar panel installation could be covered around 50%.
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NEW YORK STATE SOLAR INCOME TAX CREDIT
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NYC SOLAR PROPERTY TAX ABATEMENT
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STATE HISTORIC TAX CREDIT
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NET METERING
Learn More
Visit our solar incentives page to explore solar tax credits, tax abatements, and net metering.
NYS Solar Income Tax Credit
Residential solar owners can claim a $5,000 tax credit on their New York State income taxes. The credit can be divided over multiple tax years if a client is unable to fully utilize it in a single year.
NYC SOLAR PROPERTY TAX ABATEMENT
30% of your solar installation costs can be claimed as a local property tax abatement with the NYC Department of Finance. The abatement is divided into annual installments over a four year cycle.
Historic Homeownership Rehabilitation Tax Credit
This state income tax credit covers a percentage of eligible rehabilitation expenses to offset costs incurred in restoring, maintaining, and upgrading historic structures. This tax credit is only available for residences in qualifying historic districts and census tracts. For historic homeowners wanting to go solar in eligible areas, this tax credit covers 20% of installation costs.
Net Metering
Net metering is a billing mechanism with Con Edison in which any excess solar energy your panels produce is sent back to the grid, and then credited back to you on future Con Ed bills for you to use when your home needs more energy than your solar system is currently supplying, like at night or on a very rainy day.
Frequently Asked Questions
How much do solar panels cost in NYC?
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Solar installations in NYC are heavily incentivized, reducing your upfront costs by around 50%. The upfront cost for going solar in NYC typically starts around $30,000. Once you’ve claimed your incentives, net project cost is far less, and lifetime savings amount to over $80,000. You can get started now for $0 down. Learn more!
Do solar panels increase home value?
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According to an April 2019 study by Zillow.com, Brooklyn homes with solar systems have a 4.1% higher resale value than comparable homes without solar. This translates into an additional $9,274 for the median valued home nationally. The study found that the solar boost was higher in the New York metro area than the national average, topping out at 5.4% – with the NYC solar premium being 1.8% more than it is statewide. That’s an extra $23,989 in value for solar home owners in the five boroughs.
How much will I save with solar panels in NYC?
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Owning a system for 25 years yields savings upwards of $80,000. As a residential solar owner, you’ll benefit from a program called Net Metering. During the day, your solar system will likely produce a lot more energy than your home is actually using. All of that excess energy feeds back into the grid, and you’re credited at the current retail rate for kilowatt hours on your future electric bills from Con Edison.
WE’RE WITH YOU EVERY STEP OF THE WAY!
As your neighborhood solar experts, we’re with you every step of the way, providing a seamless, turnkey experience from consultation to installation and beyond. Our industry-leading 30-year warranty ensures long-term peace of mind, while our 24/7 real-time panel monitoring and power production guarantee deliver unmatched reliability and performance.
INDUSTRY-LEADING 30-YEAR SYSTEM WARRANTY
ACCESS TO PERSONALIZED SERVICE BEFORE, DURING AND AFTER INSTALLATION
10 YEAR POWER PRODUCTION GUARANTEE
SOLAR BUILT FOR NEW
YORK CITY HOMES
Brooklyn SolarWorks was founded in 2015 by three seasoned industry professionals who shared a common mission: to make solar appealing, easy and available for Brooklyn’s urban homeowners.
