Nys solar power grants

What is New York's Solar for All grant program?

The Solar for All grant program in New York State is a $250 million initiative that will help deliver solar power to working families and lower energy bills and emissions in the process.

Will New York receive a $7 billion solar grant?

New York is one of the 60 applicants selected to receive funding by the United States Environmental Protection Agency through the $7 billion federal Solar for All grant competition. The grant is for solar projects benefitting low-income New Yorkers.

Are solar panels a good investment in New York?

Solar panel systems in New York are expensive, but incentives from the state and federal government can help you reduce the upfront cost. Between the federal tax credit and other state-specific incentives, you can save thousands on solar panels, making them well worth the investment.

How do I get a solar loan in New York?

You can fill out and submit the application on your own or work with your contractor. New York residents may also be eligible for an Inflation Reduction Act tax credit of up to 30% of the solar project cost. In addition to incentives, NYSERDA offers loan options to help New Yorkers finance renewable and energy efficiency projects:

Does New York State have a solar tax credit?

In addition to claiming New York State’s solar tax credit, you can take advantage of the federal solar tax credit. Also known as the solar investment tax credit (ITC), it reduces your system’s net cost by 30% and improves your potential savings and solar payback period by an equivalent amount.

What is New York State doing about solar?

Since 2011, NY-Sun, New York State's $1.8 billion initiative to advance the scale-up of solar and move the State closer to having a sustainable, self-sufficient solar industry, has: Committed $30 million for projects benefiting environmental justice and disadvantaged communities. New York State's Nation-Leading Climate Plan