New York Solar PanelsNYSERDA - PV Incentive ProgramThe New York State Energy Research and Development Authority (NYSERDA) provides an incentive of $1.75 per watt (DC) to eligible installers for the installation of approved, grid-connected photovoltaic (PV) systems. | Description | Details |
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| Incentive Type | State Rebate Program | | Eligibile Technologies | Photovoltaics | | Amount | $1.75/watt DC; Incentive may be reduced for potential production losses associated with shading, system orientation, tilt angle, and other factors | | Maximum Incentive | Maximum determined by sector, incentive level; may not exceed 40% of costs after any available tax credits
Residential: $12,250
Non-residential: $87,500
Non-profit, gov't, schools: $43,750 | | Eligible System Size | None specified, but systems may not exceed 110% of demonstrated energy demand. | | Equipment Requirements | Systems and components must be new; modules and inverters must meet applicable UL and IEEE standards; monitoring equipment with accuracy of +/- 5% required; minimum five-year system warranty against breakdown or degradation of more than 10% from original rated output; two-year warranty on battery back-up systems. | | Installation Requirements | System must be a grid-connected, end-use application; be installed by a pre-approved contractor; and comply with New York's Standard Interconnection Requirements and all federal, state and local codes. |
*Source: Database of State Incentives for Renewables & Efficiency (www.dsireusa.org) Federal Residential Renewable Energy Tax CreditThere is no maximum credit for systems placed in service after 2008. Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016. | Description | Details |
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| Incentive Type | Personal Tax Credit (Federal) | | Eligibile Technologies | Photovoltaics, Solar Water Heat, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies | | Amount | 30% | | Maximum Incentive Type | Solar-electric systems placed in service before 1/1/2009: $2,000
Solar-electric systems placed in service after 12/31/2008: no maximum | | Carryover Provisions | Excess credit may be carried forward to succeeding tax year |
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