SUNBEAM INNOVATIONS
New York offers one of the most powerful tax incentive stacks in the Northeast. By combining federal credits with highly generous state income tax credits and direct cash rebates, Empire State homeowners can eliminate a massive portion of their system's total cost.
The primary driver of your upfront savings is the Federal ITC. This allows you to deduct 30% of your total gross solar and battery system cost directly from your federal income taxes. If your system costs $28,000, you are eligible for an $8,400 federal tax credit. There is no maximum cap, and the credit rolls over to the next year if your tax liability is lower than the credit amount.
New York goes above and beyond with a dedicated state-level income tax credit. You can claim 25% of your eligible solar system costs against your New York state income taxes, up to a maximum of $5,000. This is a direct, dollar-for-dollar reduction of your state tax burden, making solar ownership highly lucrative.
The NY-Sun initiative provides a direct, upfront cash rebate that lowers your gross installation cost. The incentive is divided into "Megawatt Blocks" based on your specific region (e.g., Con Edison, Long Island, Upstate) and decreases over time as regional solar adoption goals are met. SunBeam Innovations secures this rebate on your behalf right at the point of sale.
New York completely exempts solar energy systems from the state's 4% sales tax (and most local jurisdictions waive their sales tax as well). Additionally, under New York State Real Property Tax Law Section 487, the added value your solar system brings to your home is exempt from local property taxation for 15 years, meaning your annual property taxes won't increase due to your clean energy upgrade.
Our engineers will build a custom solar blueprint engineered for your operation — backed by 30-year linear warranties and Tier-1 equipment.
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