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News Brief

NY Adds Income Tax Credit to Solar Choice Act

New York State is now among the most photovoltaic-friendly in the nation (weather notwithstanding) with passage of a bill that corrects an error in the August 1997

Solar Choice Act. That Act required utility companies to provide “net metering” to homeowners, allowing them to run their meters backwards whenever their PV systems generate more power than they are using. The new bill adds an

income tax credit to the package for 25% of the installed cost of the system, up to $3,750 per residence. Contact Murray Liebman of the Solar Energy Industries Association at 202/383-2628 for details.

Published July 1, 1998

(1998, July 1). NY Adds Income Tax Credit to Solar Choice Act. Retrieved from https://www.buildinggreen.com/newsbrief/ny-adds-income-tax-credit-solar-choice-act

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Volume 7, Issue 7