NY Solar Panel Rebates & Incentives for Commercial Sites
Take Advantage of a Wide Array of Benefits by Using NY Solar Energy to Power Your Business!
Have you considered using NY solar power or other renewable resources to power your office or workplace? It's not just a forward-thinking public relations initiative, it's an incredibly smart business decision. By investing in renewable energy, you will realize significant power bill savings, tax credits, and other incentives. Commercial organizations that use NY solar energy or wind power are eligible to receive a variety of excellent discounts, rebates, and other financial rewards, including:
- NY Solar Power State Rebate: Enjoy rebates from the state government.
- Federal Tax Credit: Redeem federal tax credits for eligible renewable energy installations - including solar photovoltaic, solar hot water heating, and wind turbines – worth 30% of the total cost of the installation.
- Accelerated Depreciation: Earn valuable tax write-offs, based on a five-year schedule – more than half of which is realized in the first 2 years.
- Power-Bill Savings: Enjoy significant savings on your energy bills with every kilowatt hour of power you generate – a price difference that will continue to grow as utility-company rates steadily increase.
This is an example for a NYSERDA commercial customer.
Note: Federal Tax Credit should be calculated on the net cost not covered by the State Rebate/Grant.
In this example, the taxable basis for the Federal Tax Credit and Accelerated Depreciation is made larger by treating the State Rebate/Grant as taxable income.
Contact us now to start saving money with NY solar power! Dial us toll-free at (866) 974-2904 to speak to a Clean Energy USA specialist!
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