COMMERCIAL SOLAR
Commercial Solar Incentives & Rebates
There are a variety of installation options available for commercial buildings. As energy prices continue to rise investing in a solar energy system is a smart choice. In addition to the environmental benefits, businessowners benefit directly from generous solar incentives and rebates plus a 5 Year Accelerated Depreciation.

New York State Incentive
The New York State Research and Development Authority (NYSERDA) administers an incentive program to approved grid connected solar installations overseen by a NYSERDA certified installer.
$4.00/W up to 25 kW
$4.50/W for all building integrated PV systems up to 25 kW
$5.00/W for schools, non - profit organizations, and municipalities up to 25 kW.

Federal Corporate Tax Credit
The Federal government offers a tax credit equal to 30% of installed costs for solar PV and solar hot water systems (each).

Solar Sales Tax Exemption
All equipment and installation costs on solar PV and solar hot water systems are exempt from New York State sales tax.

New York Property Tax Exemption
Solar installations are exempt from any increase in the assessed value of your property caused by renewable energy upgrades for 15 years. The amount of the exemption is equal to the increase in accessed value.

New York Energy Smart New
Construction Program
The New York State Energy Research and Development Authority (NYSERDA) will provide incentives of up to $375,000 per project for design and installation of technologies for Whole Building Design projects. For custom projects, up to 50% of incremental costs for $120,000 can be covered.

Corporate Depreciation
Modified Cost Recovery System (MACRS) is a corporate depreciation program where a 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.

New York Energy $mart Loan Program
This program provides reduced interest rate loans (4 percent lower than normal lending rates for 10 years) through participating lenders to finance the cost and installation of PV and solar hot water systems.

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