Being a good corporate citizen has benefits beyond the balance sheet.
More of America’s businesses, from top Fortune 500 companies to Mom & Pop corner stores, are choosing to install solar than ever before. Across America, business leaders are choosing solar to cut costs, help their bottom line and plan for the future.
While solar has long been viewed as an environmentally responsible energy choice, businesses now choose to install solar because it is a smart fiscal choice as well. By choosing to “go solar” they are also saying to their customers that they care about the environment and the community in which they are located.
New York State Commercial PV Rebate
The current incentive level is $0.40 per watt up to 50 kW $0.30 per watt for every additional watt up to 200 kW for businesses, non - profit organizations, and municipalities.
New York State Commercial Hot Water Rebate
New York business owners can qualify for up to $150,000 for non-residential system when converting from a electric hot water heater to a solar hot water heater.
The Modified Cost Recovery System (MACRS) is a corporate depreciation program where business can recover investments in certain property through depreciation deductions. MACRS classifies solar products as “5-year property” instead of “20-year property,” as previously classified. Under the Economic Stimulus Act of 2008 certain installations may qualify for additional bonus depreciation. See your tax professional for details.
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343 Route 295
PO Box 348
Chatham, NY 12037
T: 518.392.4000 F: 518.392.8191
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