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Income Tax Credits

Combined available State and Federal Tax Credits can represent 55% in NY, in most cases.

Federal Tax Credits (solar energy system tax credit on Federal Tax Returns)

Residential Solar Tax Credit - The federal solar tax credit presently returns 30% of installed cost, established in the Energy Policy Act of 2005 for photo-voltaic systems and solar water heating systems.  The former $2,000 cap was removed with the Stimulus Package, so the available tax credit is 30%, with no upper limit.

APEX Thermal Services installs a Six Collector Solar Heating System on a farmhouse in Ghent, Columbia County, NYAPEX Thermal Services installs a Six Collector Solar Heating System on a farmhouse in Ghent, Columbia County, NYBusiness Solar Tax Credit and Fuel Cell Tax Credit - 30% business credit, established in Energy Policy Act of 2005, for the purchase of fuel cells and solar energy equipment.  Credit can also be applied toward solar fiber-optic equipment for interior lighting.

New York State Residential Tax Credit (save on your NY State Taxes)

New York State allows you to claim a tax credit equal to 25% of the cost of solar thermal and photo-voltaic systems, with a maximum credit of $5,000 toward each system. 

NY state also exempts solar systems from sales tax and most communities allow homeowners a 15-year real property tax exemption, on the value of the property improvement.

Are you ready for Solar?  Contact Us at APEX Thermal Services.

tel:  845 430 5825

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