Federal Tax Credit (ITC)
This solar tax credit encourages American businesses and homeowners to go solar by providing a 26% tax break on their federal taxes. This credit is based on the total system cost, and can be used to directly offset federal tax liability on a dollar-for-dollar basis.
Local Law 92 + 94 Adherence Planning
These local laws require that any projects involving structural changes to new or existing roof decks must include the installation of solar photovoltaics or a green roof across all available roof space. If the building cannot accommodate a minimum of 4kW of solar or 200 sq.ft of green roof, the building may be eligible for exemption
Local Law 97 Carbon Offset Planning
This law aims to place carbon caps on most buildings larger than 25,000 square feet—roughly 50,000 residential and commercial properties across NYC. Beginning in 2024, the law will be enforced through fines based on emissions levels per building.
For more information on regional and local incentives, contact us.