Home solar panel installations are eligible for both state and federal tax credits. You may also qualify for savings from your utility company depending on the specific region you live in.
Both residential and commercial property owners are eligible for savings on their solar panel installations.
Based on the scope of your project.
- 30% of project cost in federal tax credits
- 25% of project cost in NY state tax credits
Claimed as a non-refundable tax credit when filing your personal income tax return.