SOLAR INCENTIVES

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EXPLORE INCENTIVES

Switching to solar has never been more rewarding! In addition to lowering your energy bills, eligible homeowners can take advantage of both a Federal Income Tax Credit as well as a host of state-specific solar incentives that make going solar even more affordable. From tax credits and rebates to net metering programs, each state offers unique opportunities to help you save. At PlugPV, we’ll guide you through the available incentives in New York, Massachusetts, Vermont, Connecticut, New Jersey, Florida, New Hampshire, and Ohio. Our team will ensure you get the most out of these programs, so you can maximize your return on investment and enjoy long-term savings.

NEW YORK

New York offers multiple incentives to homeowners who go solar! A State Investment Tax Credit equal to 25% of the system cost, not to exceed $5,000, is available to those who qualify. In addition, the NY-Sun PV Incentive provides our customers with up front rebates aimed at bringing the cost of the system down from day 1!

MASSACHUSETTS

Most homeowners will qualify for a
State Investment Tax Incentive in Massachusetts up to $1,000. In addition, the Solar Massachusetts Renewable Target (SMART) Program is in place to provide solar homeowners with compensation for power production over the first ten years of the system’s life!

VERMONT

Vermont homeowners can take advantage of the state’s Net Metering policy which allows homeowners to earn credits for excess electricity generated by their solar installation. Depending on your utility, you may be eligible to earn additional benefits.

CONNECTICUT

Under Connecticut’s Residential Renewable Energy Solutions Program, homeowners can sign up for “Netting Tariff” – similar to net metering. Excess generation of your solar installation will earn credits which can be used another month and carried over indefinitely.

NEW JERSEY

New Jersey requires each Utility Company to provide at least 4.1% of the electricity they generate through in-state solar installations by 2028. The SREC Registration Program allows the solar projects in New Jersey to generate Solar Renewable Energy Credit (SREC) which can be traded as commodities to meet state’s RPS requirements.

FLORIDA

Homeowners in Florida can take advantage of Net Metering receiving full credit for any excess generation as kWh credit on your bill. Credits not utilized after one year will be paid out to the homeowner at a discounted rate.

NEW HAMPSHIRE

Learn more about New Hampshire’s Net Metering Policy here Any excess generation can be credited and carried forward to next-month’s bill. Depending on your utility, additional benefits may be available!

OHIO

Ohio requires each utility company to provide at least 8.5% of their generation from renewable sources by the year 2026. Solar projects registered with the Ohio Public Utilities Commission generate Solar Renewable Energy Credits (SREC) which can be traded as commodities to meet the state’s RPS requirements.

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