New York Rebates and Incentives

Other than the 25% NY State tax credit, there are different incentives in New York depending on where you live.

• Long Island Power Authority ("LIPA") adminsters all incentives for solar in Long Island.
  • http://www.lipower.org/efficiency/solar-programs.html
• The New York State Energy Research and Development Authority ("NYSERDA") adminsters solar incentives for the rest of New York.
  • http://www.powernaturally.org/

LIPA Program

The LIPA Program provides the following incentives for solar:

• A rebate of $3.75 per watt capped at $37,500
• Applicant has 180 days from LIPA's pre-approval letter date to complete the PV installation

For more information, visit the http://www.lipower.org/efficiency/solar-programs.html.

NYSERDA Program

The NYESERDA Program provides the following incentives for solar:

• Residential Incentive
  • $4.00 per watt up to 5,000 watts or 5 kW,
  • $4.50 per watt Energy Star up to 5,000 watts or 5 kW
  • $4.50 per watt for all building integrated PV systems up to 5,000 watts or 5 kW.
  • For additional watts above 5 kW, all residential incentives will be reduced by $1.00/watt and all residential incentives will be capped at 10 kW.  
• Non-Residential Incentives
  • $4.00 per watt up to 25 kW,
  • $4.50 per watt for all building integrated PV systems up to 25 kW,
  • $5.00 per watt for schools, non for profit organizations, and municipalities up to 25 kW.
  • All non-residential incentives will be reduced by $1.00 per watt for additional watts above 25 kW and non-residential incentives will be capped at 50 kW per site/meter and 100 kW per customer. Exemptions related to systems per customer may be considered on a case-by-case basis. All customers will still be able to receive additional financial assistance through the Loan Fund.

For more information, visit the http://www.powernaturally.org/.

New York State Solar Tax Credit
In addition to the rebates offered, homeowners can take advantage of New York State’s 25% tax credit towards the total cost of a PV system, with a maximum credit of $5,000. If your tax credit is greater than the amount of tax you owe New York State, the balance will not be refunded to you. However, any credit amount in excess of the tax due can be carried over for a maximum of up to five years.  Download New York's State tax credit at http://www.tax.state.ny.us/pdf/2006/fillin/inc/it255_2006_fill_in.pdf.