Topdot Solar NY

The New York Solar Tax Credit policy allows state payment reductions by up to 25% of total solar energy expenses. This credit is available to owners and leasers of solar systems. Also, where the tax liability is not large enough to claim all the credit, it can be rolled over for the next year. This credit is beneficial because the federal Investment Tax Credit (ITC), which applies to those who purchase their solar systems, allows federal tax liability reduction as high as 26% off the cost for the solar energy system.