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Tax Incentives
Your new Solar Hot Water System in your
primary residence entitles you to Tax
Credits on both your federal and New York State tax returns.
Tax Credits are a dollar reduction in
the taxes you pay.
You will get a tax credit of 30%
of the installed cost of your system on your federal tax return - up to a maximum credit of $2,000.
You will receive another 25% of
the installed cost of your system on your New York State tax return -- up to a maximum credit of $5,000.
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