Tax Credits and Incentives for Commercial Solar: Westchester NY, Rockland, and The Bronx
The state and federal government make it easy for businesses to go solar. From tax credits to new financing options, there are more ways than ever for large and small businesses and nonprofits to take advantage of solar energy.
Federal tax credits
The government offers a federal tax credit of 30 percent of the total cost of your system – with no cap on how much you can save.
Depreciation
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in solar installations through depreciation deductions. Solar systems are classified as five-year property under the MACRS.
Incentives
The New York State Energy Research and Development Authority (NYSERDA) offers generous incentives for small and large businesses (0-200 kW), as well as special incentives through the NY-Sun Commercial/Industrial Incentive Program for larger systems over 200 kW. SunBlue is authorized under all NY-Sun programs to offer these incentives to our customers.
Tax exemptions
Solar energy systems – as well as solar lease payments – are exempt from New York state sales tax in most parts of Rockland, Orange, and Westchester counties. Local property tax exemptions may also be available.
Now’s a great time to explore solar panels for businesses. Westchester, NY based SunBlue Energy is ready to help you optimize your savings and power your business for less. Contact us today!
At SunBlue, we offer many ways to help you finance your residential or commercial system. By combining NYSERDA’s On-Bill Recovery loan with a Same as Cash loan, SunBlue customers can purchase their solar energy systems for no money down. We also offer solar leases and power purchase agreements, for those customers who want to take advantage of solar without purchasing a system. In addition, the federal and state governments offer various rebates and tax advantages for residential and commercial solar projects.
