Commercial Solar
The combination of incentives available to business owners makes an investment in solar incredibly attractive. The direct per Watt NYSERDA rebates help to reduce the initial amount a customer needs to finance. Then the 30% ITC (Investment Tax Credit) can be recovered in one year or multiple years depending on a customers specific tax situation. Finally, solar arrays are on an accelerated 5 year MACRS Depreciation schedule. In aggregate, these incentives can lower the payback period for an installation to as low as 6 years.
Another important factor in any company's electric bill, but especially large ones, is the Demand charges. The lower the demand charges as a percentage of your electric bills the better the ROI for your project. Although, even with demand charges as high as 60 - 70% of total costs, returns can still be attractive. |
NYSERDA IncentivesThere are non-residential NYSERDA rebates available up to 200 kW of installed capacity under the NY Sun Program. Under the new Megawatt block structure, these rebates will be decreasing over time as more PV Solar is installed in the state. Please check the following link to see current rebates:
For systems over 200kW the current rebates can be found here: As one block fills up to capacity, later projects are assigned to the next block at a slightly lower incentive level. REV Incentives
For Vermont based businesses, the incentive structure is very similar. There is the 30% ITC, accelerated depreciation, and additionally there is a 5 cent per kWh feed-in-tariff to help reduce the cost of going green. Altogether, these incentives reduce the cost of a solar array by over 50%
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