Rebates
LIPA is currently offering rebates for the installation of Photovoltaic (PV) systems in LIPA's service territory. Rebate availability is on a first-come, first-serve basis, based upon application, and pre-approval by LIPA (prepared by Energy by Choice, Ltd).

Incentives/Residental
Direct incentives of $2000.00 per kilowatt(DC), of installed equipment. Preapproval applications are encouraged by LIPA and Energy by Choice. Incentives are capped at 10 Kilowatts. http://www.lipower.org/

Incentives/Commercial
Direct incentives at $1750.00 per kilowatts of equipment up to 10 kilowatts, $1500.00 per kilowatts for any part of the next 40 kilowatts, and $1000.00 per kilowatts for any equipment above 50 kilowatts not to exceed 100 kilowatts.

Additional Incentives for Schools, Government and Not For Profit customers
LIPA is offering an extra $1250.00 per kilowatt above the current rebate level listed directly above for the first 10 kilowatts, and $1000.00 per kilowatts for the next 40 kilowatts. This extra incentive is available only to Schools, Government and Not For Profit customers. This extra incentive is available on a first come, first served basis and cannot exceed 65% of the contract value. http://www.lipower.org/

Federal, State and County Tax Incentives
Recent Federal, State and County governments have joined together to offer additional tax incentives to help promote the installation of Solar Electric (Photo Voltaic or PV) equipment. These recent incentives are in addition to LIPA's incentives for PV installations.

Investment Tax Credit for Commercial Customers
Commercial customers can take advantage of the business energy tax credit. Anyone who invests in or purchases qualified solar energy property can take the credit, up to 30% of the investment, or purchase and installation amount, when income tax forms are filed as well as accelerated depreciation. In addition the US Treasury Department will provide early payment via a Grant within 60 days of your system being made operational.

For IRS form Investment Credit 3468, please visit http://www.irs.gov/pub/irs-pdf/f3468.pdf

As part of the recent Federal Energy bill, the Federal Government offers additional tax incentives for the purchase of PV equipment:

• Residential customers are being offered up to a 30% tax credit (with no cap) for PV.
• Business customers are being offered up to a 30% tax credit (with no cap) for PV plus accelerated depreciation (MACRS) and the opportunity to take investment tax credit payment in a lump sum prior to filing their tax returns.

New York State Solar Tax Credit
In addition to LIPA's rebate, homeowners can take advantage of New York State's 25% tax credit towards the total cost of a PV system, with a maximum credit of $5,000. If your tax credit is greater than the amount of tax you owe New York State, the balance will not be refunded to you. However, any credit amount in excess of the tax due can be carried over for a maximum of up to five years. Download New York State's 25% tax credit

 

Incentives	Tax Credit	Incentive Cap
New York State
• Residential Customers	25%	$5,000
• Commercial Customers	NA	NA
Federal
• Residential Customers	30%	No Cap
• Commercial Customers MACRS	30%	No Cap
Nassau County	No sales tax	-
Suffolk County	No sales tax	-
New York State	No sales tax

 

New York State's Real Property Tax Law
A 15-year real property tax exemption through New York State's Real Property Tax Law for solar systems installed in New York State. Learn more

Please note, each county, city, town, village and school district on Long Island may choose to disallow the exemption as noted in NYS Office of Real Property Services Section 4.01 - RPTL Section 487.

For the additional perspective on rebates and tax incentives, please follow the links listed below.

• LIPA
• RELI