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Energy Efficient Home Credit (45L) in New York, NY 2026

Calculate your energy efficient home credit (45l) tax savings in New York, New York. With New York's 6.85% state tax rate, your combined savings are higher.

New York Tax Context

State Income Tax
6.85%
Local Income Tax
0.99%
Property Tax Rate
1.69%
Tax Burden
Very High
$5,000
Est. Total Savings
$5,000
Max Deduction
Tax Credit
Deduction Type
29.8%
Combined Tax Rate

Energy Efficient Home Credit (45L) Savings Calculator for New York

$
$

Federal Savings

$5,000

22% bracket

New York State

$0

6.85% rate

Local Tax

$0

0.99% rate

Total Savings

$5,000

29.8% combined

Tax credits reduce your tax bill dollar-for-dollar, regardless of your tax bracket.

Savings by Tax Bracket in New York

10%
$5,000
12%
$5,000
22%
$5,000
24%
$5,000
32%
$5,000
35%
$5,000
37%
$5,000

Includes 6.85% New York state tax + 0.99% local tax on top of federal savings.

Eligibility Requirements

Builders or developers of new energy-efficient homes

  • 1$2,500 for ENERGY STAR certified homes
  • 2$5,000 for DOE Zero Energy Ready homes
  • 3Must meet prevailing wage requirements for full credit

New York residents should verify that this deduction is also recognized on their state tax return for additional savings of up to 6.85%.

Common Mistakes to Avoid

  • !Not obtaining required certifications before claiming
  • !Missing prevailing wage requirements
  • !Failing to meet the 50% energy savings threshold
  • !Forgetting to claim the deduction on your New York state return (missing 6.85% additional savings)
  • !Not checking if New York's local income tax allows this deduction (0.99% potential additional savings)

Required Tax Forms

Form 8908Form 3800

File these forms with your federal tax return to claim the energy efficient home credit (45l). New York may require additional state-specific forms.

Other Tax Deductions in New York, NY

Mortgage Interest Deduction

Housing

~$4,747
est. savings

Property Tax Deduction

Housing

~$2,984
est. savings

Home Office Deduction

Housing

~$1,628
est. savings

Home Energy Tax Credit

Housing

~$1,800
est. savings

Residential Solar Tax Credit

Housing

~$7,500
est. savings

Military Moving Expenses

Housing

~$5,425
est. savings

PMI Premium Deduction

Housing

~$1,492
est. savings

Mortgage Points Deduction

Housing

~$2,713
est. savings

Energy Efficient Home Credit (45L) in Other New York Cities

New York City, NY

10.9% state + 3.876% local

~$2,500
-2,500 vs New York

Oyster Bay, NY

6.85% state + 2.22% local

~$2,500
-2,500 vs New York

Buffalo, NY

10.9% state tax

~$2,500
-2,500 vs New York

North Hempstead, NY

6.85% state + 2.52% local

~$2,500
-2,500 vs New York

Babylon, NY

6.85% state + 2.47% local

~$2,500
-2,500 vs New York

Yonkers, NY

10.9% state + 1.96% local

~$2,500
-2,500 vs New York

Rochester, NY

10.9% state tax

~$2,500
-2,500 vs New York

Huntington, NY

6.85% state + 1.25% local

~$2,500
-2,500 vs New York

Calculate Your Full Tax Savings in New York

Use our free tax calculators to optimize your entire tax return for New York.

Income Tax CalculatorTaxes in New YorkFull Energy Efficient Home Credit (45L) Guide

Frequently Asked Questions

How much can I save with the Energy Efficient Home Credit (45L) in New York, NY?

In New York, New York, the energy efficient home credit (45l) can save you an estimated $5,000 per year. This includes $5,000 in federal tax savings and $0 in New York state tax savings plus $0 in local tax savings. The national average savings is $2,500/year.

What is the New York state income tax rate for New York residents?

New York has a 6.85% state income tax rate. New York residents also pay a 0.99% local income tax, bringing the combined state/local rate to 7.8%.

Who qualifies for the Energy Efficient Home Credit (45L) in New York?

Builders or developers of new energy-efficient homes. The eligibility requirements are the same whether you live in New York or elsewhere in the U.S., as this is a federal tax credit. However, your savings amount will vary based on New York's 6.85% state tax rate.

What tax forms do I need to claim the Energy Efficient Home Credit (45L) in New York?

To claim the energy efficient home credit (45l), you need to file Form 8908 and Form 3800 with your federal return. New York residents should also check if the state allows this deduction on their state return, which could provide an additional 6.85% savings. Filing status affects your deduction limits and tax bracket.

Is the Energy Efficient Home Credit (45L) better in New York than in states without income tax?

Yes, New York residents benefit more because New York's 6.85% state income tax means the deduction reduces both your federal AND state tax liability. In states with no income tax (like Texas, Florida, or Nevada), this deduction only reduces federal taxes. Your combined rate of 29.8% means more savings per dollar deducted.

Related Calculators

Mortgage Interest Deduction in New York

Avg savings: $3,500/year

Property Tax Deduction in New York

Avg savings: $2,200/year

Home Office Deduction in New York

Avg savings: $1,200/year

Home Energy Tax Credit in New York

Avg savings: $1,800/year

Residential Solar Tax Credit in New York

Avg savings: $7,500/year

Military Moving Expenses in New York

Avg savings: $4,000/year