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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. Incentives dramatically decrease the overall cost of ownership of a solar energy system.
Residential Solar PV & Thermal Incentives
Connecticut Residential Incentives
Federal (tax form 5695) - 30% investment tax credit. The 30% is calculated from the gross system cost. No maximum
Applicable solar energies: Photovoltaics , Solar Hot Water
New York Residential Incentives (outside of the 5 boroughs)
Federal (tax form 5695) - 30% investment tax credit. The 30% is calculated from the gross system cost. No maximum
Applicable solar energies: Photovoltaics , Solar Hot Water
State (tax form IT-255) - 25% tax credit calculated form the gross system cost. Capped at $5,000.
Applicable solar energies: Photovoltaics , Solar Hot Water
NYSERDA - $1.75 per watt up to 5 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
New York Residential Incentives within the 5 boroughs
Federal (tax form 5695) - 30% investment tax credit The 30% is calculated from the gross system cost. No maximum
Applicable solar energies: Photovoltaics , Solar Hot Water
State (tax form IT-255) - 25% tax credit calculated form the gross system cost. Capped at $5,000.
Applicable solar energies: Photovoltaics , Solar Hot Water
NYSERDA - $1.75 per watt up to 5 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 20% property tax abatement - 20% of the net cost after the NYSERDA cash rebate over 4 years (5% per year) e.g. - if the net system cost is $20,000, the tax abatement would be $5,000; applied at 8.75% or $1,250 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
click here for commercial tax rebate and incentive 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.
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