Federal Solar Investment Tax Credit (ITC)
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
$1.75/watt up to maximum of 5kW*
$0.50/watt additional for NYS ENERGY STAR® Labeled Homes*
Residential NYS Income Tax Credit
25% of the after rebate cost in a credit up to a maximum of $5,000
When you combine these incentives together you can actually offset the majority of the system cost, pay less upfront and see a return on investment in just a few years.
For a detailed ROI contact us.
*rebate cannot exceed 50% of the project cost
For Commercial Customers
There are many financing options available for commercial customers and they tend to become more attractive for businesses. Some of the standard options are outlined below but our commercial solar consultants can quickly get you up to speed on what will work best for your business. Contact us for more information.
Capital Investment (Customer owns PV system)
◦Owner receives rebates and tax incentives
◦Requires capital up front
◦Fastest payback and greatest economic gain
Power Purchase Agreement◦Purchase kWh from PV system owner
◦No capital required
◦Good for those that are not eligible for the tax credits
Lease Option (Typically above 20kW)◦No capital required
◦Operating lease with a buyout after 10 years
◦Good for those who can not use the tax credits
FINANCING OPTIONS
We pride ourselves on our ability to develop customized financing solutions.
Our seasoned team of solar financing consultants guide you through this often complex process step-by-step, to ensure you benefit from all the incentives currently available in your area. We will also outline things for you in simple, easy to read language so you understand what you are getting and why.
In-depth financial experience is a key differentiator for Bentley Global Associates, not all solar companies possess the same level of knowledge with these complex transactions. We suggest you do your due diligence before moving forward with a solar provider.
Please call 646-642-2553 for a detailed discussion regarding current financial rebates and incentives.