Helios Energy Systems

Building Green Relationships

Long Island Solar Electric

LIPA - Solar Pioneer Program

Incentive Type:

Utility Rebate Program

 

Applicable Sectors:

Commercial, Residential, Nonprofit, Schools, Local Government, State Government

Eligible System Size:

10 kW maximum;
Systems should be sized to not exceed annual electricity consumption in kWh

Website:

www.lipower.org/solar

The Long Island Power Authority (LIPA), Long Island's primary electric service provider, is currently offering rebates for the installation of Photovoltaic (PV) systems in LIPA's service territory. LIPA's Solar Pioneer program is designed to offer rebates that are approximately 50% of the costs for a PV system. LIPA grid connected customers are eligible for a rebate. Rebate availability is on a first-come, first-serve basis, based upon application pre-approval by LIPA.

 

Type

Incentive Amount

Residential and Commercial

$1.75/watt DC

Schools, Nonprofits, Government agencies

$4.50/watt DC

 

 

New York State Solar Tax Credit

Incentive Type:

Personal Tax Credit

 

Applicable Sectors:

Residential, Multi-Family Residential

Amount:

25% for solar-electric (PV) and solar-thermal systems

Maximum Incentive:

$5,000 for solar-energy systems

Eligible System Size:

10 kW maximum for solar-electric systems*, except 50 kW for solar systems owned by condominium or cooperative housing associations

 

New York State currently offers a tax credit of up to 25% of the net costs for the installation of a PV system. The current incentive has a cap of $5,000. Any amount of credit that exceeds a taxpayer's liability in a given tax year may be carried forward for the five following taxable years. Any amount of the system cost provided by a grant from any source is not eligible for this credit.  
 

 

 

New York Energy $mart Loan

Incentive Type:

State Loan Program

 

Applicable Sectors:

Commercial, Industrial, Residential, Nonprofit, Local Government, State Government, Fed. Government, Multi-Family Residential, Agricultural, Institutional, Healthcare Facility

Terms:

Up to 4.0% below the lender rate for ten years
Up to 6.5% below the lender rate for certain commercial and multi-family borrowers in the Con Edison service area

Website:

www.nyserda.org/loanfund/

The New York Energy $mart Loan Fund, administered by the New York State Energy Research and Development Authority (NYSERDA), provides reduced-interest rate loans through participating lenders to finance renovation or construction projects that improve a facility's energy efficiency or incorporate renewable energy systems. Any commercial, industrial, retail, agricultural, non-profit, residential, or multifamily facility that is an electric distribution customer of one of the State's six investor-owned utilities is eligible for this interest rate reduction program.  

 

 

Solar Sales Tax Exemption

Incentive Type:

Sales Tax Exemption

 

Applicable Sectors:

Residential

New York enacted legislation in July 2005 exempting the sale and installation of residential solar-energy systems from the state's sales and compensating use taxes. The sale and installation of residential solar-energy systems are exempted from the state's sales and compensating use taxes. The exemption applies to solar energy systems designed to provide heat, cooling, hot water and/or electricity. The exemption does not apply to solar pool heating or other recreational applications. Solar systems are also exempt from property tax.

 

 

Solar Energy Systems Exemption

Incentive Type:

Property Tax Exemption

 

Applicable Sectors:

Commercial, Industrial, Residential, Agricultural

Website:

www.orps.state.ny.us/
assessor/manuals/vol4/part1/section4.01/sec487.htm

 

Section 487 of the New York State Real Property Tax Law provides a 15-year real property tax exemption for solar energy systems constructed in New York State.