In addition to our incentive programs and financing options, your business may qualify for federal tax credits for getting solar. If you’re a New York State business owner interested in filing for a tax credit, you will need to complete the appropriate forms to submit along with your normal yearly tax filing.
The owner of a qualified solar installation can file for federal tax credits and accelerated depreciation on the cost of the installation. In some financing arrangements, these benefits are taken by the contractor, and in others, they can be taken by the building or business owner. Discuss tax credits and financing options for your project with your solar contractor, and consult with your tax advisor.
The most commonly used forms and instructions are listed here. We also encourage you to consult an accountant or tax advisor if you have any questions.