Solar and Fuel Cell Tax Credit;
State: New York
- Incentive Type: Personal Tax Credit
- Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Fuel Cells
- Applicable Sectors: Residential, Multi-Family Residential
- Amount: 25% for solar-electric(PV) and solar-thermal system; 20% for fuel cells
- Maximum Incentive: $5,000 for-energy systems; $1500 for fuel cells
- Eligible System Size: 10 KW maximum for solar systems, except 50 KW for solar systems owned by a condominium or cooperative housing associations; 25 KW maximum for fuel cells
- Equipment Requirements: Systems must be new and in compliance with all applicable performance and safety standards
- Installation Requirements: Electricity generation systems must be grid connected and net metered
- Carryover Provisions: Excess credit may be carried forward 5 years
- Program Start Date: 01/01/1998(solar electric); 01/01/2003(fuel cells); 01/01/2006(solar thermal)
Contact:
Taxpayer Assistance – Personal Income Tax Information Center
New York State Department of Taxation and Finance
W.A. Harriman Campus
Albany, NY 12227
Phone: (518) 457-5181
Phone 2: (800) 225-5829
Web Site: http://www.tax.state.ny.us