Incentives
Most utilities in New York State charge their customers a small fee known as the (SBC) or system benefits charge. The money collected for this charge is used for funding an organization known as NYSERDA (New York State Energy Research and Development Authority). NYSERDA uses this money to give rebates to those purchasing solar electric systems also known as photovoltaic (PV) systems.
NYSERDA provides a cash rebate for the installation of PV systems. Generally, NYSERDA will cover approximately 40-45% of the installed cost of a PV system. All rebates are subject to approval by NYSERDA.
Please, contact us for more information on NYSERDA rebates or go to the NYSERDA website PowerNaturally.org.
For information on incentives and grants please visit DSIRE.org, The Database of State Incentives for Renewables and Efficiency.
Tax Credits
Both New York State and the federal government offer tax credits to those who install a PV system on their residence or buisness. Under The American recovery and reinvestment act section 1122, allows for a 30% credit of the cost of a renewable energy system on a resisdence. Buisness tax credits vary. New York State also offers a sales tax exemption of 4%. Each individual county in New York may also offer increased sales tax exemptions. Please, contact us for more information.
More information on tax credits can be found at the Energy Incentives for Businesses in the American Recovery and Reinvestment Act Web Site.