How the Trump Tax Bill Changes NYC Solar

Sponsored By Brooklyn SolarWorks

Brooklyn SolarWorks is a Gowanus-based solar design and installation firm serving New York City's homes and businesses.

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NYC homeowners looking to switch to solar power need to act fast. The 30 percent federal tax credit – which saves homeowners around $15,000 on solar installations – ends after 2025. But timing is crucial: Only systems up and running by the end of 2025 will qualify for these savings.

Installing solar in NYC takes several months from start to finish thanks to permits, inspections, and installation. Any delay can push projects into 2026 – after the tax credit expires. That’s why starting now is key to securing these significant savings.

Rising costs are coming

Under the Senate’s current bill, losing low-cost renewables and relying more on gas could send electricity prices soaring. Wholesale electricity costs could jump 25 percent by 2030 and 74 percent by 2035, with utilities expected to pass these higher costs on to homeowners.

That means the average household could pay $130 more per year by 2030 and up to $170 more by 2035, according to energyinnovation.org.

Going solar now is one of the best ways NYC homeowners can lock in lower energy costs and avoid these rising bills — while the 30 percent federal tax credit is still available.

While federal support for clean energy is changing, NYC remains one of the best places in the country to go solar, thanks to strong local backing.

Here’s what makes going solar in NYC special:

• New York State offers up to $5,000 in tax credits
• NYC cuts your property taxes by 30 percent of your solar investment, spread over four years
• Con Edison buys back extra power you generate, lowering electric bills through net metering
• Historic district homeowners may qualify for an additional 20 percent tax credit

Even as national incentives change, New York continues supporting solar power through these city and state programs. Combined with current federal tax credits, these benefits make solar a smart investment for NYC homeowners.

The message is clear: While NYC’s solar future remains bright, the biggest savings are available now. Waiting too long could mean missing out on thousands in federal tax credits and paying much higher energy costs down the line.

For homeowners considering solar, the time to start is today, before these golden opportunities fade away.

Ready to secure your savings? Visit BrooklynSolarWorks.com to learn more and get started today.