Tag Archives: solar tax credit

New York’s Megawatt Block Solar Incentive Saves You Thousands on Solar

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The Megawatt Block Incentive Structure (Megawatt Block) is one of New York’s most important solar incentives. The program provides strong subsidies for both commercial and residential rooftop solar energy systems. The size of your subsidy depends on how big the solar energy system you install is, and how much solar energy is already being produced in your area. You also don’t need to take any action to claim the benefit if you use a state certified installer.

In total, the various solar incentives available in New York State could reduce the cost of going solar by more than 50%. So why not start shopping for solar today? EnergySage’s New York Solar Marketplace is a great place to start comparing your options.

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The NY Solar Tax Credit (Part 2): How to claim the credit if you own your system

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New York State’s Solar Equipment Tax Credit is worth up to $5,000 and can be claimed over the course of up to five years, making it one of the most generous and flexible in the country. Provided you meet the basic eligibility criteria, you may claim the credit regardless of whether you own your system or had it installed under a solar lease/power purchase agreement (PPA). How does the tax credit work if you own your solar system? Continue reading