Solar Incentives in New York
In New York, the NY-Sun program works with solar contractors and developers to offset the cost of purchasing and installing a solar panel system for your business. The incentives provided vary throughout the State.
NY-Sun also partners with private-sector financiers to offer New York business owners loans to fund solar systems.
New York also offers property tax abatement for photovoltaic (PV) and energy storage equipment. This abatement allows building owners to deduct. from their total real property taxes a portion of the costs associated with PV system installation. The abatement is 7.5%, or a maximum of $62,500 per year.
What is the REAP Grant (Rural Energy for America Program)?
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant designed to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
| savings | Take advantage of REAP Grant savingsThe REAP grant can cover up to 50% of your solar energy system costs allowing you to break even in as little as 1 year. There are millions of dollars available to rural and small to mid-size businesses in New York, as well as AG producers through this program. |
| handshake | How can Greentech Renewables help?Greentech Renewables can help you with each stage of the grant application process, from finding an installer to working with a grant writer. |
| sunny | Can I take advantage of the REAPGrant?Small businesses in eligible rural areas of New York and any agricultural producer can apply and may be eligible.
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Act Now!
New York still offers many significant solar incentives for business owners. These incentives can be paired with the USDA's 50% rebate to drastically reduce the total out of pocket cost of a solar system, and allow business owner's to fully recoup the value of their systems in as little as one year. Fill out our interest form to get started!
The REAP Grant is available in:
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