Incentives

New York State has some of the highest incentives of any state.  Net costs, after incentives, of a system are usually 20-50% of total system cost--including installation.   This results in payback periods of roughly 4-8 years with corresponding returns on investment of around 8-25%--tax free!

COMERCIAL INCENTIVES

  • $1.50 per Watt rebate from NYSERDA UP TO 50kW ($75k)
  • 30% federal ITC (investment tax credit)
  • 10% NYC property tax abatement (2.5% of total system cost for 4 years; NYC properties only)
  • 50% year one depreciation then 10% per year til fully depreciated
  • 3.5% of NYS sales tax exempt on PV equipment
  • Net Metering  (credited for energy pushed onto grid from solar system)

RESIDENTIAL INCENTIVES

  • $1.50 per Watt rebate from NYSERDA UP TO 7kW ($10,500)
  • 30% federal ITC (investment tax credit)
  • 25% of total cost up to $5,000 off of NY State tax
  • 10% NYC property tax abatement (for NYC properties)
  • Sales tax exempt in NYS for PV equipment
  • Net Metering

CALL OR EMAIL FOR CONSULTATION TO SEE WHICH INCENTIVES APPLY TO YOUR PROPERTY—AND HOW MUCH YOU STAND TO SAVE!

Some other important factors to consider:
Systems last from 25 -40 years as they tap into the sun's perpetual and renewable resource.
There are very few safe, high yielding investments that can compete with a solar investment.
Fossil fuel prices will continue to rise--count on at least 6% per year.

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