All solar energy systems are eligible for a Federal tax credit equal to 30% of the system cost. In addition, many states have state incentives. In New York, homeowners are eligible to receive a tax credit of 25% of the system cost (maximum $5000). In New Jersey, homeowners are eligible for a state incentive that is currently captured over 15 years. Homeowners in New Jersey can expect to receive $8,000-$15,000 over 15 years. The NJ incentive’s exact amount is determined by the production of the system. Overall, across New York and New Jersey, most homeowners enjoy subsidies that pay for about 60% of the total system cost.