Solar & Net Metering Policy
Net metering is available in New York, allowing solar owners to send excess electricity back to the grid and receive credits on their utility bill. Transitioning to Value of Distributed Energy Resources (VDER) Value Stack compensation for new solar customers. New York offers a state solar tax credit of 25% up to $5,000, which can be combined with the federal 30% Investment Tax Credit (ITC) for significant savings. Additional savings are available through a property tax exemption on the added home value and a sales tax exemption on solar equipment.
Net Metering Notes
Transitioning to Value of Distributed Energy Resources (VDER) Value Stack compensation for new solar customers.
Tax Credit Details
New York State Solar Equipment Tax Credit.
Utility Rebate Details
NY-Sun / NYSERDA Megawatt Block initiative offers upfront rebates.
Does New York have net metering?
Yes. New York has net metering, which allows solar panel owners to receive credits for excess electricity sent back to the grid. Transitioning to Value of Distributed Energy Resources (VDER) Value Stack compensation for new solar customers.
What solar tax credits are available in New York?
New York offers a state solar tax credit of 25% up to $5,000. New York State Solar Equipment Tax Credit. This can be combined with the federal Investment Tax Credit (ITC), which provides a 30% credit on the cost of your solar system.
What is the federal solar tax credit and does it apply in New York?
The federal Investment Tax Credit (ITC) provides a 30% tax credit on the total cost of a solar installation. It applies in New York for qualifying residential and commercial installations. The ITC is claimed on your federal tax return in the year the system is installed.
Is solar equipment exempt from property tax in New York?
Yes. New York offers a property tax exemption for solar installations, meaning the added home value from your solar system is not subject to additional property taxes.
Is there a sales tax exemption for solar in New York?
Yes. New York exempts solar energy equipment from state sales tax, which can save several percent on the upfront cost of your system.
Does New York have an SREC market?
New York does not currently have an active SREC market. Solar owners in New York cannot generate additional income through SREC sales at this time.
Are there utility rebates for solar in New York?
Yes. Utility rebates are available in New York. NY-Sun / NYSERDA Megawatt Block initiative offers upfront rebates.
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Official Source
New York Public Utility Commission
Last verified: 2026-03-24 · Always confirm current incentives before installing solar.