|
In addition to the savings and benefits of clean energy, your purchase of an OnForce Solar electric or hot water system qualifies you for multiple incentives, rebates and tax credits from local, state and federal agencies. In many cases up to 80% of the system cost. Incentives dramatically decrease the overall cost of ownership of a solar energy system.
Commercial Solar PV & Thermal Incentives
Connecticut Commercial Incentives
Federal (tax form 5695) - 30% investment tax credit or 30% rebate. If you opt for the 30% rebate, the US Treasury will pay you within 60 days. The 30% is calculated from the gross system cost.
Applicable solar energies: Photovoltaics , Solar Hot Water
MACRS Corporate Depreciation - deduct 50% of the adjusted basis of the property in the first year. The remaining 50% of the adjusted basis of the property is depreciated over the ordinary depreciation schedule.
Applicable solar energies: Photovoltaics , Solar Water Heat
New York Commercial Incentives (outside of the 5 boroughs)
Federal (tax form 5695) - 30% investment tax credit or 30% rebate. If you opt for the 30% rebate, the US treasury will pay you within 60 days. The 30% is calculated from the gross system cost.
Applicable solar energies: Photovoltaics , Solar Hot Water
NYSERDA - $1.75 per watt up to 50 kilowatts per site meter (this usually equates to +/- 30% of the gross system cost. (.50 per watt bonus for energy star homes and BIPV systems)
Applicable solar energies: Photovoltaics
MACRS Corporate Depreciation - deduct 50% of the adjusted basis of the property in 2009. The remaining 50% of the adjusted basis of the property is depreciated over the ordinary depreciation schedule.
Applicable solar energies: Photovoltaics , Solar Water Heat
New York Commercial Incentives within the 5 boroughs
Federal (tax form 5695) - 30% investment tax credit or 30% rebate. If you opt for the 30% rebate, the US Treasury will pay you within 60 days. The 30% is calculated from the gross system cost. No maximum.
Applicable solar energies: Photovoltaics , Solar Water Heat
NYSERDA - $1.75 per watt up to 50 kilowatts per site meter (this usually equates to +/- 30% of the gross system cost. (.50 per watt bonus for energy star homes and BIPV systems)
Applicable solar energies: Photovoltaics
NYC property tax abatement (form PTA4) - 35% of the net cost after the NYSERDA cash rebate over 4 years (8.75% per year) e.g. - if the net system cost is $20,000, the tax abatement would be $7,000; applied at 8.75% or $1,750 per year for four years. The cap is $62,500 annually or the amount of property taxes owed during a year.
Applicable solar energies: Photovoltaics
MACRS Corporate Depreciation (form 4562): deduct 50% of the adjusted basis of the property in year one. The remaining 50% of the adjusted basis of the property is depreciated over the ordinary 5 year depreciation schedule.
Applicable solar energies: Photovoltaics , Solar Water Heat
Click here for residential tax credit and rebate information.
Rebates and incentives are only available on solar hot water and electric systems. There are no rebates offered for swimming pool systems.
Please schedule an appointment with an OnForce expert today for an up to the minute, detailed explanation of available incentives and credits.
|
Commercial 
