Section 25D offers a credit for residential clean energy property, including solar panels and geothermal systems, with a phased percentage based on the year the property was placed in service. Combined with declining equipment costs, New York State tax credits, and Inflation Reduction Act tax credits for commercial solar, going solar is a great option. On-site solar: Homes, businesses, multifamily buildings, and municipalities can get incentives to install rooftop or ground-mounted solar. Homeowners, renters, businesses, and multifamily buildings can all access the benefits of solar power without installing panels on their property. Community solar projects generate renewable energy on behalf of multiple customers, who receive credits on their monthly electric bills for their share. Through the Clean Energy Program, DCAS works to expand distributed energy resources, including solar PV and energy storage installations across the City's portfolio of properties. The City has established a goal of installing 100 Megawatts (MW) of solar photovoltaic (PV) on City-owned buildings by. In 2025, government solar programs continue to make solar energy more affordable and accessible than ever. It allows you to deduct 30% of the cost of a solar energy system from your federal taxes.