Building Green Relationships
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Federal Incentives
Any business that installs a solar electric system on its property after December 31, 2008 is eligible for a 30% Federal Tax
Credit on the total installed cost of the system, no maximum limit beginning in 2009. In addition to this credit, the business
may take advantage of the 5-year accelerated depreciation schedulefor the solar system. If the federal tax credit exceeds tax
liability, the excess amount may be carried forward to the succeeding taxable year.
| Federal Incentive |
| Residential Investment Tax Credit |
Business Investment Tax Credit |
MACRS |
| 30% |
30% |
5 Year accelerated depreciation |
State Incentives
Many states are now offering similar rebates and incentives for solar. Click a state or region below for more details.
| State Incentive |
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State Rebate |
Utility Rebate/Others Credit |
Personal Tax Credit |
Sales Tax Exemption |
Property Tax Exemption |
Loans |
| New York |
NYSERDA
PV Incentive Program |
LIPA-Solar Rebate Program
National Grid-Solar Thermal Rebate Program |
25% |
100%
15 years |
10% |
New York Energy $mart Loan
NYSERDA - Home Performance with Energy Star Loan Program |
| Long Island, NY |
LIPA
Solar Pioneer Program |
| Connecticut |
CCEF
Solar PV Rebate Program |
CCEF - On-Site Renewable DG Program
CCEF - Project 150 Initiative |
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100% |
100% |
CHIF - Energy Conservation Loan
DPUC - Low Interest Loans for Customer-Side Distributed Resources |
| New Jersey |
NJ Customer-Sited Renewable Energy Rebates |
NJ Board of Public Utilities Solar Renewable Energy Certificats (SRECs) |
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100% |
100% |
Clean Energy Solutions Capital Investment Loan/Grant Program
PSE&G - Solar Loan Program |
| Pennsylvania |
Pennsylvania Sunshine Solar Rebate Program |
PPL Electric Utilities-LEED Certification Parternship Program
Alternative Energy Credits (AECs) |
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Metropolitan Edison Compmany SEF Loans
Penelec SEF of the Community Foundation for the Alleghenies Loan Program
Sustainable Development Fund Financing Program
Sustainable Energy Fund (SEF) Loan Program |
A complete list of incentives for solar nationwide can be found at dsireusa.org
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