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  • Company
    • Our Team
    • Our Process
    • Solar FAQs
    • Careers
  • Residential Solar
    • How it Works
    • Solar-Roof Combination
    • Incentives
  • Commercial Solar
    • How It Works
    • Solar Farms
    • Incentives
  • Battery Backups
    • Tesla Powerwall
    • Incentives
  • Contact

Incentives

Every state offers many incentives from rebates to tax savings when homeowners install solar energy systems. The Federal government also offers a Federal Solar Investment Tax Credit (ITC) which is at 26%, dropping to 22% in 2023 and ending the program in 2024.

NY Solar Incentives

  • The Federal Solar Investment Tax Credit (ITC) which is currently at 26%, dropping to 22% in 2023 and ending in 2024
  • NY State Solar Energy System Equipment Tax Credit, an available 25% state solar tax credit
  • NY-Sun Megawatt (MW) Block Program with up to $1,000 for every kilowatt (kW) of solar power installed
  • Solar Electric Generating System Tax Abatement (SEGS), a property tax exemption on solar plus storage options
  • Home Solar Project Sales Tax Exemption, a 4% home solar system state sales tax exemption. (Source: SunRun NewYork)

CT Solar Incentives

  • The Federal Solar Investment Tax Credit (ITC) which is currently at 26%, dropping to 22% in 2023 and ending in 2024
  • The Residential Solar Investment Program, a Connecticut Green Bank program that makes it easy and affordable for homeowners to go solar. This rebate program would give homeowners $0.463 per watt of solar installed (up to 10kW).
  • The Energy Conservation Loan allows eligible families to borrow up to $25,000 for 10 years at low interest rates between 0 percent and 6 percent. (Source: http://www.chif.org/page/energy-conservation-loan-program)
  • A tax break on solar equipment under the Sales and Use Tax Exemption for Solar and Geothermal Systems. (Source: https://programs.dsireusa.org/system/program/detail/2613)
  • A net metering program that allows CT residents to gain credits for power that flows back to the grid.

NJ Solar Incentives

  • The Federal Solar Investment Tax Credit (ITC) which is currently at 26%, dropping to 22% in 2023 and ending in 2024
  • Transition Renewable Energy Certificates (TRECs) – For every megawatt-hour (MWh) of solar power, your panels also generate one TREC. Homeowners installing residential rooftop or ground-mounted solar panel systems can earn $91.20 per TREC.
  • Net metering programs to send back to the grid in exchange for monthly billing
  • Sales tax exemption for buying solar equipment. That’s a 7% savings!
  • A property tax exemption for installing a renewable energy system.

Diversify Your Solar Solutions

Explore how our solar solutions could benefit you.

Schedule A Consultation
Diversolar
  • Company
    • Our Team
    • Our Process
    • Solar FAQs
    • Careers
  • Residential Solar
    • How it Works
    • Incentives
  • Battery Backups
    • Tesla Powerwall
    • Incentives
  • Commercial Solar
    • How It Works
    • Incentives
    • Solar Farms

Contact Us

276 5th Avenue, Suite 704,
New York, New York 10001

516-788-8537

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