Brooklyn homeowners face a critical deadline as proposed legislation may end the 30 percent federal solar tax credit by the end of 2025, a change unexpected by many since the tax credit was projected to last until 2032. This could eliminate significant savings of over $10,000 for NYC residents while also removing vital benefits like compliance with Local Law 97, which mandates emissions reductions and could lead to hefty fines. Additionally, solar power systems can dramatically reduce energy bills and carbon impact, making timely installation crucial for homeowners.
Brooklyn homeowners are urged to secure a 2025 solar installation to guarantee tax credit eligibility, as new legislation threatens to end the 30% federal tax incentive.
The proposed House budget would eliminate the solar tax credit, jeopardizing over $10,000 in savings and access to solar benefits for NYC homeowners.
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