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New York Solar Energy Incentives
Solar Photovoltaic (PV) panel & Solar Thermal systems Rebates & Credits:
Solar (PV) systems:
NYSERDA PV Incentive program:
Amount for residential PV systems: $3.00/watt for systems up to 4 kW in size; $2.00/watt for the next 4 kW (for systems up to 8 kW in size).
Amount for commercial and industrial: $3.00/watt up to 40 kW; $2.00/watt for next 40 kW (rebate capped at systems 80 kW in size)
Amount for non-profits, schools and municipalities: $5.00/watt for all PV systems up to 25 kW in size
Long Island Power Authority: Solar Pioneer Program
Amount for residential systems: $1.00 to $3.50/watt DC, for systems up to 10 kW in size (for max incentive of $35,000)
Amount for commercial systems: $3.50 per watt DC, for systems up to 10 kW in size (for max incentive of $145,000)
Amount for schools, non-profits and government: $1.00 to $4.50/watt DC (for a max incentive of $195,000)
Solar Thermal:
Keyspan Energy:
Amount for residential: 15% of project costs, up to $1,500
Amount for commercial/multi-family: $3 per therm (100,000 BTU) based on estimated first-year energy savings, up to 50% of project costs or $100,000
Note: This program is generally restricted to metropolitan New York City and Long Island.
Net-Metering: YES,
New York: Generally credited to customer's next bill at retail rate
Long Island Power Authority: Credited to customer's next bill at retail rate; excess reconciled at seasonal (winter/summer) avoided-cost rate at end of 12-month billing cycle.
Property Tax Exemption:
New York: 15-year exemption
New York City: Installed from August 8, 2008 to December 31, 2010: 8.75% of system expenditures per year for 4 years (total of 35%); Installed from January 1, 2011 to December 31, 2012: 5% of system expenditures per year for 4 years (total of 20%)
Other info: Up to $62,500 annually or the amount of real property taxes owed during a year. Solid legislative and institutional backing for next four years.
Sales Tax Refund/Rebate: Yes,100%
Personal Tax Credit: N/A
Solar (and Fuel Cell) Tax Credit: Up to 25% for PV and solar-thermal systems, up to $5,000
Click here for additional information on Solar Incentives for New York
http://www.dsireusa.org/incentives/index.cfm?re=1&ee=1&spv=0&st=0&srp=1&state=NY
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