NYC Solar incentives
Save Thousands with Solar in 2026
The Two Main Solar Incentives
NYC Homeowners can stack major incentives that lower the cost of going solar!
Installing solar panels is one of the most impactful decisions you can make—for your wallet, your home, and the environment. Solar also allows you to qualify for extremely lucrative incentives.
1) NY State Solar Tax Credit (up to $5,000)
- This is a state income tax credit that can cover a big chunk of your solar cost.
2) NYC Property Tax Abatement (30% of Gross System Cost)
- This NYC incentive allows homeowners in the 5 boroughs to substantially lower their property taxes just by installing solar panels.
Call Truth Solar for More Info (917) 451-7813
1) NY State Tax Credit
Homeowners in NYC can claim a state tax credit worth up to $5,000!
This incentive is a NY State income tax credit for installing a solar system on your primary residence in NY.
How it helps:
- The credit is for 25% of your solar costs, capped at $5,000.
- The credit reduces what you owe in NY State income taxes for the year.
Who usually qualifies (typical homeowner checklist)
- You own the home.
- The system is installed at a NY residence you use as your primary home.
- You have NY State tax liability.
If you meet that criteria, then you are eligible to take advantage of this NY state incentive!
2) NYC Property Tax Abatement
NYC offers a property tax abatement for residential homeowners that switch to solar!
This property tax abatement allows homeowners to lower their property tax payments by installing solar panels!
How it helps:
- The abatement is for 30% of your solar costs, with no cap.
- The credit significantly reduces what you owe in property taxes over a 4 year period.
Common questions homeowners ask:
"Is this the same as the state tax credit?"
No. This is completely separate from the NY tax credit. This is specific to your property taxes.
"Do I have to file anything?"
There is typically paperwork involved. We guide through the filing process and what documentation needs to be shown to fully qualify.
Why incentives make nyc solar a no brainer
When you invest in solar, you're not just reducing your electric bill—you're increasing your property’s value, gaining energy independence, and doing your part to preserve the planet.
Lower Monthly Payments
By utilizing these incentives, homeowners are able to further increase their savings with solar.
Increased Home Value
Homes with solar sell faster and at higher prices.
Decreased Tax Liability
Homeowners that go solar are able to lower their NY tax liability by up to $5,000!
Reduced Property Taxes
Residents that go solar will be able to reduce their property taxes substantially, leading to increased savings and more money in your pocket!
Get a free nyc incentives & savings breakdown
We will help confirm your eligibility for these NYC incentives!
We'll confirm:
- Your estimated NY State Tax Credit (up to $5,000)
- Whether your home qualifies for the NYC property Tax Abatement
- Your projected savings and payment options
- Your optimal solar panel installation and design
The $0 Down Solar Program
We offer flexible solar financing options that make it easy to get started—including zero-down loans and long-term payment plans.
- $0 Down Payment Options
- Fixed Monthly Payments
- Flexible Terms (5–25 Years)
- Zero Credit Check Programs
- No Prepayment Penalties
- Low-Interest Solar Loans
Frequently Asked Questions
How do i claim the NY State $5,000 credit?
It’s typically claimed when you file your NY State taxes. We’ll provide system documentation needed for your tax preparer.
Do these incentives change?
Programs can change based on rules and timelines. We stay on top of it and will tell you what applies to your home right now.
What if I don't owe much in taxes?
Unused portions of the tax credit will be carried forward to the following year. Your tax professional can confirm for you.
Does my roof type matter?
Flat roofs, pitched roofs, shading, and DOB considerations can affect design and cost—but incentives still apply if the system qualifies.
