Solar Incentives and Financing

Even when you know a solar energy system will pay for itself over time, it’s nice to cut down on costs up front. Beyond the federal Investment Tax Credit—which allows you to claim a 30% credit on qualified equipment and installation expenditures—several incentives are available on state, municipal, and utility levels.

Before you purchase your solar energy system, take a look at our Solar Rebates and Tax Forms 101, as well as out list of the top available tax credits, incentive programs, and rebates in your state.
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New York - New York State Energy Research and Development Authority

Federal Solar Investment Tax Credit (ITC)

30% of the cost of the solar property as a tax credit.

New York State Energy Research and Development Authority (NYSERDA) Rebate

  • Base Incentive: $1.00/W for the first 50kW of installed capacity per meter.
  • Second Tier Incentive: $0.60/W for installed capacity over 50kW and up to 200kW per meter.

NYS Income Tax Credit

25% of the after rebate cost in a credit up to a maximum of $5,000
*Maximum determined by sector, incentive level; may not exceed 40% of costs after any available tax credits
Residential: $25,000
Non-residential: $140,000

New York - Long Island Power Authority

Federal Solar Investment Tax Credit (ITC)

30% of the cost of the solar property as a tax credit.

Long Island PSEGLI Solar Pioneer Program

Rebate Amount = System CEC-AC Rating (kW) x Incentive Base Rate ($/kW) x Design Factor (%)*

NYS Income Tax Credit

25% of the after rebate cost in a credit up to a maximum of $5,000
*Maximum Rebate: $6,600 or 50% of the net customer installed cost1, whichever is less.
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New York - New York City

Federal Solar Investment Tax Credit (ITC) / Solar Grant

30% of the cost of the solar property as a tax credit.

New York City Property Tax Abatement

Installed from January 1, 2013 to December 31, 2014: 2.5% of system expenditures per year for 4 years (total of 10%)

New York State Energy Research and Development Authority (NYSERDA) Rebate

  • Base Incentive: $1.00/W for the first 50kW of installed capacity per meter.
  • Second Tier Incentive: $0.60/W for installed capacity over 50kW and up to 200kW per meter.*

NYS Income Tax Credit

25% of the after rebate cost in a credit up to a maximum of $5,000
*Maximum determined by sector, incentive level; may not exceed 40% of costs after any available tax credits
Residential: $25,000
Non-residential: $140,000

In achieving our mission of providing the most reliable and latest technology products and first-class services, we owe thanks to our team of dedicated engineers and professionals who are devoted to ensuring the best design, quality control, guaranteed ship dates, technical assistance and on time project completion dates in the solar energy and LED lighting industry.

If you have any questions, please feel free to contact us by any of the options below
 
Thisday Electroncis USA dba Thisday Energy,
16051 Rockaway Boulevard, #202,
Jamaica, NY 11434, USA.

1 (718) 276-7617
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