Solar and Fuel Cell Tax Credit
Homeowners receive a tax credit for 25% of the cost (up to $5,000) of solar
energy systems and 20% of the cost (up to $1,500) of fuel cells. Solar Tax
Credit: Form IT-255. Energy Tax Credit: Form IT-259.
Contact: NYS Department of Taxation and Finance (800) 225-5829
Green Building Tax Credit
Businesses and personal income taxpayers receive a tax credit for meeting certain
“green” standards that increase energy efficiency, improve indoor air quality and
reduce environmental impacts of large commercial and residential buildings.
Contact: New York Department of Environmental Conservation (518) 402-9469
Federal Hybrid Motor Vehicle Credit
Consumer tax credit for light-duty hybrid vehicles based on their improved fuel economy
and their lifetime fuel savings potential.
Federal Alternative Fuel Motor Vehicle Credit
Tax credit to buyers of new alternative fuel vehicles placed in service after January 1, 2006.
The tax credit equals 50% of the incremental cost of the vehicle plus an additional 30% for
vehicles with near-zero emissions. The credit is available on the purchase of light-,
medium- and heavy-duty fuel cell vehicles, hybrid, and dedicated natural gas, propane and
hydrogen vehicles.
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