United Renewable Energy

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    New York Solar Incentives

    New York Commercial
    Solar Incentives

    The Basics

    The State of New York and most New York utilities offer incentives to assist you in the purchase of a PV array. You will most likely see net metering programs and a NYSERDA rebate. Net metering means that your power bill is being credited for every kilowatt hour (kWh) that your PV array produces.

    NYSERDA currently offers a rebate of $1,500 per kW up to 50kW, or 40% of the total system cost, whichever comes first. The Federal Government offers a 30% Grant in 2011. Also in 2011, your system is also eligible for a 5 year accelerated MACRS depreciation, with 100% bonus depreciation available in year one. Under local options, your array may be eligible for a property tax exemption. Please consult your Tax Advisor.

    NYSERDA Solar PV Program Financial Incentives

New York

Cost Calculations ###### 50kW
Total - Installed Cost With Sales Tax ###### $220,059
Federal Tax Credit (ITC) or Grant 30% ###### -$66,017.75
Effective Corporate Tax Rate (Est.) ###### 39.00%
Federal MACRS Depreciation (1 year) ###### -$72,949.61
NYSERDA Rebate - $1,500 per kW ###### -$75,000
Total of Available Incentives ###### -$226,467
Net cost before tax & after incentives ###### -$6,408
Annual Power Bill Credit* ###### $6,600

*Estimated. Pricing subject to change.

United Renewable Energy Provides

Custom systems engineered with professional care.
A Local NYSERDA Installer.
Free consulting on incentives.
In-house turnkey installation.
NABCEPTM certified installers.
Our own licensed electricians.
Highest quality and reliable equipment.
We know solar in New York.

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