For Commercial
Customers

FINANCIAL INCENTIVES & ROI

The future of commercial solar is now. Tax credits, incentives, and rebates exist at the federal, state, and local level - combinations can return your investment in as little as two years.

Connecticut

Federal Solar Investment Tax Credit (ITC) / Solar Grant

30% of the cost of the solar property in cash or take the ITC as a tax credit.

New Jersey

Federal Solar Investment Tax Credit (ITC) / Solar Grant

30% of the cost of the solar property in cash or take the ITC as a tax credit.

New Jersey Clean Energy
Program Rebate

$.80 /watt up to 50kW (no rebate for systems over 50kW)

Solar Renewable Energy Certificate (SREC) Program

Earn one (1) SREC for every 1,000 kwh's your solar PV system produces. These can be sold or traded over a 15-year period; average value is approximately $500. 

New York – NYSERDA

Federal Solar Investment Tax Credit (ITC) / Solar Grant

30% of the cost of the solar property in cash or take the ITC as a tax credit.

New York State Research and Development Authority
(NYSERDA) Rebate

Commercial:
$1.75/watt up to max of 50kW*
$0.50/watt additional for NYS ENERGY STAR® Labeled Buildings*

Non-Profits:
$1.75/watt up to 25kW*

*rebate cannot exceed 50% of the project cost

New York – LIPA

Federal Solar Investment Tax Credit (ITC) / Solar Grant 30% of the cost of the solar property in cash or take the ITC as a tax credit.
Long Island Power Authority
(LIPA) Solar Entrepreneur
Program

Commercial:*

System Size Tier 1 Rebate Level
Up to 50kW		 Tier 2 Rebate Level
>50kW thru 100kW
Phase 1 (0 – 1 MW) $ 2.50 / watt $1.00
Phase 2 (1 – 2 MW) $ 2.25 / watt $1.00
Phase 3 (2 – 3 MW) $ 2.00 / watt $1.00
Phase 4 (3 – 4 MW) $ 1.75 / watt $1.00

*cannot exceed 50% of gross system cost
 

Municipal/Non-Profits:**

System Size Tier 1 Rebate Level
Up-to 50kW		 Tier 2 Rebate Level
>50kW through 100kW
Phase 1 (0 – 1 MW) $ 3.50 / watt $2.00
Phase 2 (1 – 2 MW) $ 3.25 / watt $2.00
Phase 3 (2 – 3 MW) $ 3.00 / watt $2.00
Phase 4 (3 – 4 MW) $ 2.75 / watt $2.00

**cannot exceed 65% of gross system cost

New York – New York City

Federal Solar Investment Tax Credit (ITC) / Solar Grant

30% of the cost of the solar property in cash or take the ITC as a tax credit.

New York City Property Tax Abatement

35% of system cost after rebate, divided over 4 years, and capped at $62,500 per year

Pennsylvania

Federal Solar Investment Tax Credit (ITC) / Solar Grant

30% of the cost of the solar property in cash or take the ITC as a tax credit.

Pennsylvania Sunshine Solar Program

$1.75/watt from 3kW to 10kW
$1.50/watt from 10kW to 100kW
$1.25/watt from 100kW to 200kW

Alternative Energy Credit (AEC) Program

Earn one (1) AEC for every 1,000 kwh's your solar PV system produces. These can be sold or traded over a 15-year period; average value is approximately $225.