Photovoltaics or PV is a renewable energy source that offers a chance to produce clean, reliable electricity to power your home or business.

Purchasing a PV system can be one of the most exciting and intelligent decisions you can make as a homeowner. Solar is an investment that can pay you back with energy savings as well as peace of mind.

New York State and the Federal government promote renewable energy in order to diversify our energy mix. They offer incentive programs to help make going solar more cost effective. Rebates, income tax credits, and low interest loan options are available and easy to use.

The New York State Energy Research and Development Authority (NYSERDA) provides assistance in the form of cash rebates for the installation of approved residential and commercial PV systems.

  • For residential installations, the NYSERDA rebate is $4.00 per watt for the first 5 kW plus $3.00 per watt for additional watts up to 10 kW.
  • For an Energy Star labeled home, the NYSERDA rebate is $4.50 per watt for the first 5 kW plus $3.50 per watt for additional watts up to 10 kW.
  • For a residential building-integrated PV system, the NYSERDA rebate is $4.50 per watt for the first 5 kW plus $3.50 per watt for additional watts up to 10 kW.

New York State allows an income tax credit of up to $5,000 for PV systems installed on primary residences. The Federal Investment Tax Credit for residential solar systems is 30% of the system’s cost (capped at $2,000).

  • For commercial installations, the NYSERDA rebate is $4.00 per watt for the first 25 kW plus $3.00 per watt for additional watts up to 50 kW per site or 100 kW per customer.
  • For a commercial building-integrated PV system, the NYSERDA rebate is $4.50 per watt for the first 25 kW plus $3.50 per watt for additional watts up to 50 kW per site or 100 kW per customer.
  • For schools, non-profits, and municipalities, the NYSERDA rebate is $5.00 per watt for the first 25 kW plus $4.00 per watt for additional watts up to 50 kW per site or 100 kW per customer.

The Internal Revenue Code has a 5 year Accelerated Depreciation Schedule for commercial solar systems.

Under the NYSERDA program, cash incentives are only available for PV systems purchased through an eligible installer. All Incentives are subject to approval by NYSERDA. As eligible installers, Jason Spiotta and Todd Koelmel of SOLARgeneration are authorized to apply for incentives for approved systems for eligible customers. Eligible customers are those who pay into the New York State System Benefits Charge (SBC).

For more information about this exciting program visit www.PowerNaturally.org. You can also call 1-866-697-3732 and ask about NYSERDA’s PV incentive program.

As part of our service, SOLARgeneration takes care of all of the paper work. All you need to do is sign a NYSERDA application and an Interconnection Agreement with the utility company. We handle the rest; from start to finish.

Example:

  • A 4 kW grid-tied PV system would cost approximately $40,000 installed.
  • NYSERDA rebates of $4.00 per watt total $16,000.
  • New York State Income Tax Credits total up to $5,000.
  • The Federal Investment Tax Credits total up to $2,000.
  • Total system cost after rebates and tax incentives is $17,000.