Available Solar Tax Rebates
All applicable tax rebates must be applied for by your solar contractor. Your YSG Solar account representative will explain the process and walk you through every step we take to make your system effective and affordable.
Residential
30% Federal Income Tax Credit—IRS Form 5695
25% NY State Tax Credit—NYS Form IT-255
Commercial
30% Federal Tax Credit—IRS Form 3468
Commercial Depreciation Allowance—IRS Form 4652
Real Property Tax Exemption
Form RP 487 from NYS Department of Taxation and Finance:
This is filed with the local property assessor. Some municipalities and School Districts have opted out and will include the value of the solar in your property tax assessment without the exemption.
List by county of communities and school districts that have opted out.
New York City Real Property Tax Abatement Program
This program is available in New York City and through the NYC Department of Buildings