New York Solar and Fuel Cell Tax Credit

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