NY-Sun makes going solar easier and more affordable for New York residents. We offer incentives and financing options to lower the cost of purchasing and installing solar at home.
Incentives
NY-Sun works directly with solar contractors and developers to offset the cost for New York residents to go solar. Incentives are provided directly to your selected contractor and vary throughout the State. You will need to work with a NYSERDA-approved participating contractor to find out if you are eligible for NY-Sun incentives.
We offer additional incentives to some homeowners through Affordable Solar, which increases the amount received for households earning less than 80 percent of the median income in the area. Affordable Solar works just like other NY-Sun incentives, except it requires minor low-cost energy efficiency upgrades to your home and a complete Affordable Solar Incentive Eligibility Application [PDF]. You can fill out and submit the application on your own or work with your contractor.
To find out what incentives you may be eligible for, find a participating contractor in New York State.
Financing Options
In addition to incentives, NYSERDA offers On-Bill Recovery, Smart Energy, and Companion loan options for residents to help New York State residents finance renewable and energy efficiency projects. These loans provide lower interest rates to lower-income New Yorkers and to those who cannot qualify for traditional financing. For projects that exceed these loan amounts, you can access the Companion Loan for additional financing.
Loan amounts are available from $1,500 to $25,000 with loan terms of five, 10, or 15 years.
For additional information about residential financing, we encourage you to consult the New York Homeowner’s Guide to Solar Financing: Loans, Leases, and PPAs [PDF]