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 Program provides our customers with up front rebates aimed at bringing the cost of the system down from day 1!
Most homeowners will qualify for a State 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 homeowners can take advantage of the Standard Offer Program, which provides a performance based incentive over the life of the system for kWh’s generated and sent back to the utility. Other incentives may be available in this market based on the Utility Company you get your electricity from!
Homeowners in Connecticut can take advantage of the Residential Solar Investment Program, which gauges the expected performance of a system and provides an upfront rebate, allowing homeowners to lower the cost to go solar right away!
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.
Illinois recently enacted legislation that provides homeowners with an up front rebate based on the expected performance of a system over it’s first 5-10 years. The Illinois Shines Adjustable Block Program helps lower the cost to go solar for eligible homeowners in the State at the beginning of the project.
Florida is in the top ten states for best Solar Availability. This additional production means better savings for our customers. Also, thanks to Florida’s Property Tax Exclusion for Residential Renewable Energy Property, there is a property tax exclusion on the additional value of the property.