The Community Solar Project, as a legal entity, will be devoted to the operations and maintenance of the solar array. It will work closely with your electric utility company to ensure that your bill properly reflects your monthly contribution of solar credits. You can expect well over thirty-five years of energy production from a community solar garden; contributing towards a cleaner environment and resulting in thousands of dollars of savings in energy costs.

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EnergizingCommunities

We work with community leaders, property owners, municipalities, utilities, investors, and the solar industry ecosystem to develop community based solar systems.

A growing number of states & municipalities are enacting legislation that spurs the development of community solar with tax credits and net metering laws.

 

When a solar array is installed, the whole community is charged, starting with local energy jobs, enhanced grid efficiency, a cleaner environment, and lower energy costs for residents and businesses.

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Community 

Community Solar projects are eligible for federal, state and local municipality based incentives. These incentives facilitate third-party investors seeking tax equity and other incentives associated with a community solar project. 

The Federal Business Energy Investment Tax Credit (ITC) currently offers a federal tax credit equal to 30% of the cost of the solar system, including installation. The rate of 30% will drop to 26% beginning in 2020. 

 

New York State.

For Community Solar PV projects less than 200 KW, the NY-Sun Initiative provides incentives which are distributed through 3 regions: Con Edison, PSEG Long Island, and The Balance of the State (Upstate).

 

PV systems greater than 200 KW. The New York State Energy Research and Development Authority (NYSERDA) offers performance-based incentives through the NY-Sun Incentive Program for the installation of new grid-connected solar systems that offset the use of fossil base grid-supplied electricity.

NY State Sales Tax Exemption: The law exempts the sale and installation of commercial solar energy systems equipment from state sales taxes, and allows municipalities and cities to exclude these costs from local sales tax.

 

New York City Property Tax Abatement (PTA) (applicable when property owner finances community project)

Property owners are eligible for a four-year Tax Abatement of 5% per year of the installed cost of the system for 4 years (total of 20%). Abatements are capped at $62,500 per year or $250,000 total, applied after the NY-Sun rebate.

 

 

 

 

Federal

State

Municipality

 

 

 

 

Federal

State

Municipality

Commercial

The Federal Business Energy Investment Tax Credit (ITC) currently offers a federal tax credit equal to 30% of the cost of the solar system, including installation for Commercial systems. The rate of 30% will drop to 26% beginning in 2020. 

Additionally, the federal incentive referred to as the “Modified Accelerated Cost Recovery System (MACRS) plus a Bonus Depreciation. the owner of solar PV is eligible to claim tax depreciation deductions. Tax depreciation deductions are determined based on how the property is classified for federal income tax purposes.

 

In most cases, the solar system will be classified as a five-year MACRS property. If the solar PV is placed in service before the calendar year 2020, it may also be eligible for bonus tax depreciation.

Below we list the solar investment incentives for the State of New York and New York City tax incentives.

 

NY-Sun Incentive (PV system size 200 kW or less): The NY-Sun Initiative provides incentives for installing solar electric systems throughout NYS.


Long Island Region: $0.25/W - $0.23/W
Con Edison Region: $0.70/W - $0.45/W
UpState Region: $0.40/W - $0.30/W

NY-Sun Incentive (PV systems size 200 kW or greater): The New York State Energy Research and Development Authority (NYSERDA) offers performance-based incentives through the NY-Sun Incentive Program for the installation of new grid-connected solar systems greater than 200 kW that offset the use of grid-supplied electricity. Solar energy production must be sized primarily to serve project load.

NY State Sales Tax Exemption: The law exempts the sale and installation of commercial solar energy systems equipment from state sales taxes, and allows municipalities and cities to exclude these costs from local sales tax.

New York City Property Tax Abatement (PTA)

Building owners who place a grid-connected solar energy system into service from January 1, 2014, through January 1, 2019, are eligible for a four-year Tax Abatement of 5% per year of the installed cost of the system for 4 years (total of 20%). Abatements are capped at $62,500 per year or $250,000 total, applied after the NY-Sun rebate.

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Energizing  Communities

Multi-Unit Residential Buildings - Coops & Condos

 

The Federal Business Energy Investment Tax Credit (ITC) offers a federal tax credit equal to 30% of the cost of the solar system, including installation. The rate will drop to 26% beginning in 2020.

 

Tenant stock-holders in cooperative housing corporations are eligible for their proportionate share of this tax credit for the corporation’s eligible expenditures.

Individual members of condominium management associations who own a condominium in the building on which they install solar are also eligible for their proportionate share of this tax credit. If the federal tax credit exceeds an individual’s federal income tax liability for the year the solar energy system is installed, the individual may carry the tax credit forward to the next year.

NY-Sun Incentive (PV system size 200 kW or less): The NY-Sun Initiative provides incentives for installing solar electric systems throughout NYS. Incentives are distributed through 3 regions: Con Edison, PSEG Long Island, and The Balance of the State (Upstate). Current rates of cash rebates:

Long Island Region: $0.25/W - $0.23/W
Con Edison Region: $0.70/W - $0.45/W
UpState Region: $0.40/W - $0.30/W

New York State Tax Credit
Residential building owners who install solar are eligible for a tax credit for the lesser of 25% of the installed cost of the solar energy system (up to 50 kW on net-metered systems) after the NY-Sun Incentive, or $5,000. Tenant stock-holders in cooperative housing corporations and individual members of condominium management associates are eligible as well.

New York City Property Tax Abatement (PTA)
Building owners are eligible for a four-year Tax Abatement of 5% per year of the installed cost of the system for 4 years (total of 20%). Abatements are capped at $62,500 per year or $250,000 total, applied after the NY-Sun rebate.

Modified Accelerated Cost-Recovery System (MACRS) + Bonus Depreciation

Companies that invest in a solar energy system may be eligible for federal income tax deductions through the Modified Accelerated Cost-Recovery System (MACRS). The IRS allows commercial solar PV system owners to deduct up to 85 percent of their tax basis. This form of depreciation can be claimed over a five-year period. 

 

MACRS Depreciation allows for recovery of certain capital costs over the solar energy equipment’s lifetime and is eligible for a cost recovery period of five years. For equipment that has been affected by the Investment Tax Credit (ITC) the owner must reduce the project’s appreciable basis by one-half the value of the 30% ITC. This means the owner is able to deduct 85 percent of his or her tax basis. 

 

The Bonus Depreciation

This additional incentive allowed businesses to deduct their capital expenses by 50%  BONUS depreciation in the first year after installation (in addition to the standard first-year depreciation), further accelerating the tax benefits of depreciating the cost of the solar installation. All equipment placed in service before January 1, 2018, can qualify for 50% bonus depreciation. Equipment placed in service during 2018 can qualify for 40% bonus depreciation. And equipment placed in service during 2019 can qualify for 30% bonus depreciation.

Community-Based 

 

Community Solar projects are eligible for federal, state and local municipality based incentives. These incentives facilitate third-party investors seeking tax equity and other incentives associated with a community solar project. 

The Federal Business Energy Investment Tax Credit (ITC) currently offers a federal tax credit equal to 30% of the cost of the solar system, including installation. The rate of 30% will drop to 26% beginning in 2020. 

 

New York State.

For Community Solar PV projects less than 200 KW, the NY-Sun Initiative provides incentives which are distributed through 3 regions: Con Edison, PSEG Long Island, and The Balance of the State (Upstate).

 

PV systems greater than 200 KW. The New York State Energy Research and Development Authority (NYSERDA) offers performance-based incentives through the NY-Sun Incentive Program for the installation of new grid-connected solar systems that offset the use of fossil base grid-supplied electricity.

NY State Sales Tax Exemption: The law exempts the sale and installation of commercial solar energy systems equipment from state sales taxes, and allows municipalities and cities to exclude these costs from local sales tax.

 

New York City Property Tax Abatement (PTA) (applicable when property owner finances community project)

Property owners are eligible for a four-year Tax Abatement of 5% per year of the installed cost of the system for 4 years (total of 20%). Abatements are capped at $62,500 per year or $250,000 total, applied after the NY-Sun rebate.

Commercial

The Federal Business Energy Investment Tax Credit (ITC) currently offers a federal tax credit equal to 30% of the cost of the solar system, including installation for Commercial systems. The rate of 30% will drop to 26% beginning in 2020. 

Additionally, the federal incentive referred to as the “Modified Accelerated Cost Recovery System (MACRS) plus a Bonus Depreciation. the owner of solar PV is eligible to claim tax depreciation deductions.

New York State

NY-Sun Incentive (PV system size 200 kW or less): The NY-Sun Initiative provides incentives for installing solar electric systems throughout NYS.


Long Island Region: $0.25/W - $0.23/W
Con Edison Region: $0.70/W - $0.45/W
UpState Region: $0.40/W - $0.30/W

NY-Sun Incentive (PV systems size 200 kW or greater): The New York State Energy Research and Development Authority (NYSERDA) offers performance-based incentives through the NY-Sun Incentive Program for the installation of new grid-connected solar systems greater than 200 kW that offset the use of grid-supplied electricity. Solar energy production must be sized primarily to serve project load.

NY State Sales Tax Exemption: The law exempts the sale and installation of commercial solar energy systems equipment from state sales taxes, and allows municipalities and cities to exclude these costs from local sales tax.

New York City Property Tax Abatement (PTA)

Building owners w are eligible for a four-year Tax Abatement of 5% per year of the installed cost of the system for 4 years (total of 20%). Abatements are capped at $62,500 per year or $250,000 total, applied after the NY-Sun rebate.

Residential Homes

 

Homeowners receive the Federal Business Energy Investment Tax Credit (ITC) equal to 30% of the cost of the solar system, including installation. The rate of 30% will drop to 26% beginning in 2020. 

Below we list the solar investment incentives for the State of New York and New York City

NY-Sun Incentive: The NY-Sun Initiative provides “cash-rebate” incentives for installing solar electric systems. Incentives are distributed through 3 regions: Con Edison, PSEG Long Island, and the Balance of the State.
Current Rates:

Long Island Region: closed
Con Edison Region: $0.30/W  
Up State Region: $0.35/W

New York State Tax Credit:
Residential building owners who install solar may be eligible for a tax credit for the lesser of 25% of the installed cost of the solar energy system (up to 25 kW on net-metered systems) after the NYSERDA incentive, or $5,000. Be advised that the federal government considers this state tax credit taxable income

 

NY State Sales Tax Exemption:
The law exempts the sale and installation of commercial solar energy systems equipment from state sales taxes, and allows municipalities and cities to exclude these costs from local sales tax.

 

New York City Property Tax Abatement (PTA):

Building owners who place a grid-connected solar energy system into service from January 1, 2014 through January 1, 2019 are eligible for a four-year Tax Abatement of 5% per year of the installed cost of the system for 4 years (total of 20%). Abatements are capped at $62,500 per year or $250,000 total, applied after the NY-Sun rebate.

Ground Mount Solar

Property Owners can take advantage of unused land to realize significant monthly revenues protected by 20 to 25 years of the complete solar panel product warranty. 

Community

Developer

Utility

SolarWindSolutions

 

An Alternative Energy Lifestyle  

Design & Installation Services 

Solar system design for home, commercial structures and open property is, in most cases, completed using GPS software and delivered to your email address within 3 business days.  

SolarWindSolutions

Alternative Energy Solutions For Home, Business and Off-Grid Needs

Invest in Solar Energy today before the 30% Federal tax credit expires at the end of 2019

Solar-Wind Hybrid Energy Systems

Residential - Off Grid Systems

Energy Storage / Battery Solutions

Vestas is currently the world’s largest wind turbine maker, representing over 16% of the world wind turbine market. The company was founded in 1898 and is headquartered in Aarhus, Denmark.

Aurora Solar SmartRoof

Looking to generate the most cost-effective system? Maximize bill savings? Aurora uses bleeding-edge algorithms and runs through thousands of combinations to help you generate the best site designs instantly.

SolarWindSolutions  

A Catalog of Renewable Energy Products, Services, and Ideas

Example of a Residential Energy System and it's Applicable Incentives 

Considering $18,000.00 (estimated cost of a 5.2 KW system size, including installation) as the total cost of a residential system, we observe the following breakdown of the Federal, State (NY), and Municipal (NYC) incentives and the resulting net cost to the consumer or investor.

Federal - 30% Tax Credit*

New York - Demand Rebates / 25% Tax Rebate* 
New York City 20% Property Rebate
*

 *Based on total system cost

Below is a breakdown of the set of incentives including federal, state (NY) and municipality (NYC) and the resulting final cost of the solar system investment: 

$5,400.00     30% Federal Tax Credit ( the amount of taxes that are deducted equals 30% of  total system cost )
 

$3,120.00     State Cash Rebate  ($0.60 per watt  for a system size equal to 5.2 KW)

 

$3,720.00     25% State Tax Credit (subtract cash rebate from system cost before calculating the 25%)

 

$3,600.00     20% New York City Property tax Abatement ( equals 20% of the total cost of the system)

 

$15,840.00   total incentives applied to the cost of the system

 

2,160.00   net cost to consumer / Investor after incentives compared to original cost of $18,000.00

                     for a 5.2 KW solar system.
 

Energize Your Community Today

Community SolarWorks LLC

222 Broadway 

19th Floor

New York, N.Y. 10038

646-374-6804

Please send any inquiries to 

denise@communitysolarworks.net

 

Government Links

NYC Mayor's Office of Sustainability

NYSERDA - Community Solar

U.S. Department of Energy