The sun is the earth’s natural light and energy, without which plants wouldn’t grow. Now imagine what could happen if we could use it as an alternative source of power to cool our homes for free! Federal solar tax credits help you save money upfront on renewable energy installation costs like solar panels, solar pool heating systems, or other types of solar lights. Federal tax credit programs allow homeowners to apply deductions to their state taxes. If you live in New York State (NY) who purchased a qualifying home with outer walls made of metal, concrete, or brick after 01/01/2016 can apply for NYResidence Tax Credit- Solar Systems w/ rebates available too.