At present there are several incentives available to help promote the use of Solar Power.
New York State tax credit of 25% of system cost capped at $5000.
Federal tax credit of 26% of system cost with no cap.
Small business’s, farms and other such entities may also be eligible for other funding from the USDA Rural Development Program
An average home in the Upstate New York Catskill or Leatherstocking Region will require about a 7KW Photo Voltaic System.
A 7KW (7000 watts) Photo Voltaic system can be installed on the roof of your home at a cost of $17,500 to $22,500 prior to any tax credits or incentives.
Apply 25% NY State tax credit and a 26% Federal tax credit
Your final cost can be as low as $8,975.
This translates into a return on your investment of 7% (Not a bad investment)