A new bill just introduced in Congress could gut the solar tax credits New Yorkers rely on to save thousands on adding solar to your home or business!
The proposed Ending Intermittent Energy Subsidies Act would eliminate federal tax credits for solar — phasing them out by 20% per year over the next five years. Even worse? It strips away the ability to transfer or sell those credits, a financial lifeline for many homeowners and installers alike.
If this bill passes, the clock starts ticking — and your window to take advantage of solar tax incentives will shrink fast.
These credits have already helped generate over $500 billion in clean energy investments and are responsible for millions in local savings. Without them, New Yorkers could face electric bills up to 7% higher by 2026 — and small businesses may see increases of 10% or more.
While nuclear and hydropower would remain protected, solar and wind are being targeted — despite being proven, reliable, and critical to our climate future.
Solar Isn’t Just Clean — It’s Cost-Cutting.
By switching to solar, New Yorkers can significantly reduce or even eliminate their monthly electricity bills. With utility rates continuing to rise, locking in your own energy source means long-term stability and protection from future spikes. Over the life of a solar system, homeowners typically save $20,000 to $40,000 or more, depending on energy usage and system size. That’s money that stays in your pocket — not your utility company’s.
Get Paid While You Save.
With New York’s net metering program, you can earn bill credits for the extra electricity your panels produce. That means in sunny months, your meter could run backwards — literally turning your roof into a money-saving asset. Plus, solar panels increase your home’s value without raising property taxes, thanks to local exemptions. It’s one of the few investments that pays you back while boosting your property’s resale potential.
Take Advantage of Federal and State Incentives.
Right now, you can combine the federal Investment Tax Credit (ITC) with generous New York State incentives, including the NYSERDA rebate and potential property and sales tax exemptions. These programs can offset 30%–50% of your installation costs. But if Congress moves forward with its plan, that federal credit will begin to disappear. Acting now means locking in maximum savings while they’re still available.
