Federal Solar Incentive: Covers 30% of your total system cost through the Federal Investment Tax Credit (ITC).
NYSERDA’s NY-Sun Program: Provides upfront rebates and financing options to reduce installation costs.
State Tax Incentive: Offers a tax credit of up to $5,000, directly lowering your state tax liability.
Electricity costs in Chemung County continue to rise, making it harder for homeowners to keep up with their bills. If you live in Elmira, Horseheads, or Big Flats, you’ve likely seen your energy costs increase year after year. Instead of relying entirely on NYSEG, more residents are turning to solar as a way to reduce their electric bills and secure long-term savings.
With New York’s solar incentives, many homeowners are covering a large portion of their installation costs upfront, making solar an affordable, low-risk investment.
Most residents in the area rely on NYSEG (New York State Electric & Gas) for electricity. Rising delivery charges and seasonal demand shifts have led to higher monthly bills for many households.
By installing solar panels, homeowners can offset these costs by producing their own energy and using New York’s net metering program to earn credits for excess energy.
Owning your own power means more control over costs. Rather than paying fluctuating rates to NYSEG, solar gives homeowners:
Electricity rates vs. national average
Projected electricity costs over 10 years without solar
Average total incentive per household