Want to lead New York's transition to solar energy?
Start spreading the news … solar in New York is coming to stay. Driven by some of the best solar incentives in the country, home solar in New York has taken off in the past 3 years and continues to lead America's transition to a clean energy future. With a combination of generous incentives – from upfront rebates which discount your system's cost to state tax credits which can make your tax returns feel like Christmas – New Yorkers are enjoying the benefits of solar at a fraction of the cost of many other states.
Our customers in New York have installed home solar panels for a variety of reasons: to save money, to power the buzz of the Big Apple, to help the local environment, to gain independence from the utility companies, to show off their sweet new panels to their neighbors.
With the brightest lights in the world, New York is a perfect place for solar energy to shine.
- Federal Tax credit may be available
- State Tax Credit up to $5,000
- Upfront Utility Rebates
- Sell Your Extra Production with Net Metering
What Our New York Solar Customers Are Saying
We had been searching for solar options for quite a while but finances have always been a sticking point. A close family friend recommended that we check out Dividend Solar based on their own experience with the company and needless to say we were amazed with their whole process (very simple application) and their attractive low rates. The sales rep, along with the whole company, were so helpful in answering all of our questions and helped walk us through each step. We really appreciate the personal touch, and they made us feel like we were all partners in the project.James | New York, NY
At first I was uneasy about "going solar" at my lake house. Once I decided on Dividend Solar, the process was extremely easy. The customer service team at Dividend Solar held my hand through the whole process - I wish I had made this decision earlier! I have already recommended the professional team at Dividend Solar to friends and family - all have been VERY happy with the product delivered and service performed. Thank you!Howard | Schroon, NY
How Going Solar in New York Works
Step 1: Sign up online
Step 2: Talk to a solar specialist
Step 3: Check out your custom design
Step 4: Relax during installation
Step 5: Watch your savings grow
Solar panel installations in New York have grown tremendously in recent years due to the great economic incentives. First, the federal government offers a 26% tax credit which is available in all 50 states. This credit is applied to the federal taxes you pay each year, thereby lowering the net cost of your solar system. This credit is a great benefit of going solar: money that you would otherwise pay in taxes can now be used to own your solar system sooner.
In addition to the federal tax credit, there are two other solar incentives in New York: the New York Solar Rebate and the New York State Tax Credit.
- New York's solar rebate – effectively a discount – reduces the cost of your solar system at the time of purchase; the amount of the rebate varies by your location within New York state.
- New York's solar tax credit covers 25% of the system up to $5,000 and can be used as a credit on your state tax payments.
It is important to note that you can only reap the benefits of the state and federal tax credits* – which can cover up to 55% of your system's cost – if you own your system directly (instead of leasing it or choosing a Power Purchase Agreement). With a Dividend Finance solar loan, you own your system and you get all of the economic benefits of going solar in New York.
*Dividend Finance does not provide tax or legal advice. Please consult your tax advisor for more information.