By Rachel Metea – pv Magazine
Published April 4, 2025
A push to increase the maximum state income tax credit for residential solar installations, and make energy storage and more people eligible for the tax credit is in final negotiations with New York Gov. Hochul and state lawmakers.
Since 2006, New York has offered a solar tax credit capped at $5,000 per household for solar installations. The credit is sized at 25% of the system cost, or $5,000, whichever is less.
Nearly two decades later, “there’s a number of fixes that need to occur with this tax credit,” T.R. Ludwig told pv magazine USA. Ludwig has been on NYSEIA’s board for more than seven years, and CEO and co-founder of both Brooklyn SolarWorks and Brooklyn Solar Canopy.
SB S3596B doubles the cap to $10,000, allowing customers to offset state income taxes with a credit and retain the 25% installed system cost. The bill also strives to remove a 50 kW limit on how much co-ops and condos can use the tax credit towards, a cap other residential buildings are not subject to.
NYSEIA also proposed to apply the tax credit to energy storage. If successful, New York would become the first state to do so. New York is one of the few states that offer tax credits on top of the federal credits for home solar installations.
Read the full interview with Brooklyn SolarWorks CEO, T.R. Ludwig, here
