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Solar Energy Rebates and Incentives
NEW YORK
The New York State Energy Research and Development Authority (NYSERDA) currently offer a rebate for solar electric systems. Sea Bright Solar will take care of all the required paperwork for you. We will explain how the rebate works.
New York businesses and homeowners are not only eligible for state rebates but also federal tax benefits, such as a 30 percent tax investment credit. Businesses can also take advantage of federal depreciation benefits.
New York Rebate
- NYSERDA: $1.75/watt DC with a max incentive up to 40% of the system cost after the tax credit.
Federal Incentives
- Federal Tax Credit (FTC): New Jersey homeowners can receive a 30% federal tax credit on the total cost of the system; with no system size limit. Expires 12/31/2016
- Business Energy Investment Tax Credit (ITC): Businesses are eligible for depreciation benefits. This tax credit also applies to solar photovoltaic (pv) and solar hot (thermal) water systems. Expires 12/31/2016
New York Incentives
Solar Incentives include:
Personal Tax Credit: For residential and multi-family homes; there is a 25% of the system cost tax credit with a max incentive of $5,000. The eligible system size is up to 25 kW maximum and 50 kW for systems owned by a condominium or cooperative housing associations.
Property Tax Abatement: 20% of system equipment expenditures or 5% per year for first 4 years. Must be installed between 1/1/2011 12/31/2012. Max incentive $62,500 annually or amount of real property taxes owed during a year. Expires 12/31/2012
0% sales tax: Solar electric and solar thermal systems are 100% exempt from sales tax.
Property Tax Exemption: 100% exemption for 15 years. Expires 12/31/2014
If you have any questions or concerns about current rebates/incentives; feel free to give us a call and we can go over anything you would like.
For the full list of rebates and incentives, you can also visit DSIRE.
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Your Solar Energy Company for
California,
New Jersey
and
New York
CALL TOLL FREE:
1-866-SOLAR-1-S
(1-866-765-2717)
info@seabrightsolar.com
"Having my solar system installed by Sea Bright Solar was an excellent experience.
Have recommended Sea Bright Solar to all I know. They made it so easy, and follow-up is great."
- Arthur K.
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| FUN FACT
Solar power is an inflation-protected investment, because it offsets electricity costs at the current prevailing retail rate. As electricity rates rise, the owner saves even more.
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