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Time May Be Running Out for NYC Homeowners to Get Solar Tax Credits

Solar tax credits may end this year, sooner than expected, so securing a 2025 installation slot is the surest way to guarantee tax credit eligibility.

Brooklyn SolarWorks

Photos via Brooklyn SolarWorks

by Brian Keith
05/28/2025

Brooklyn homeowners who are considering installing solar face a critical deadline as new legislation threatens to end the 30 percent federal solar tax credit by the end of 2025. The proposed House budget would eliminate an incentive that has helped thousands of New Yorkers transition to clean energy.

At risk is not only the roughly $10,000 or more in savings that could disappear for NYC homeowners and co-op boards, but also the accessibility to additional solar benefits like:

  • Local Law 97 Compliance: Meet NYC’s strict building emissions law without yearly fines — effective as of 2024, buildings over 25,000 square feet must cut greenhouse gases or face penalties up to millions of dollars.
  • Energy Cost Control: Reduce your Con Edison bills with solar power that typically lasts 25 to 30 years. While you’ll still need some grid power, you’ll significantly cut your exposure to rate hikes and seasonal spikes.
  • Lower Carbon Impact: A typical NYC residential solar setup (4 to 8 kW) prevents about three to four metric tons of carbon emissions annually – roughly equal to taking one car off the road.

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    The proposed changes come as a surprise to many, as the tax credit was supposed to continue until 2032 under the Inflation Reduction Act. The new House budget proposal would abruptly end the program seven years earlier than planned, potentially leaving many homeowners who delay their solar decisions facing significantly higher costs.

    Only systems fully installed by the end of 2025 are guaranteed eligibility to receive the tax credit. Once the credit is reduced or eliminated, there’s no guarantee it will return.

    For Brooklyn residents interested in solar, securing a 2025 installation slot is the surest way to guarantee tax credit eligibility.

    For more information, visit the Brooklyn SolarWorks website.

    [Photos via Brooklyn SolarWorks]

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