Your system qualifies for several tax incentives:

• A Federal Tax Credit of 30% of the post-rebate cost
• A New York State 25% Tax Credit capped at $5,000 
• A New York State Sales Tax Exemption 
• A 15-year Property Tax Exemption

Your system also qualifies for rebates:

• Long Island: LIPA pays rebates of $1.75/watt for systems up to 10 kW in size. The maximum rebate payment is $17,500.
• New York City: NYSERDA is responsible for NYC rebates. In NYC, residential solar owners receive $1.75/watt for systems up to 7 kW in size. The maximum rebate payment is $12,250.

Federal Business Solar Investment Tax Credit

Businesses that install a commercial solar electric system in the U.S. between January 1, 2009 and December 31, 2016 will receive a credit against their federal income tax liability (including AMT) in the amount of 30% of the net installed cost after eligible utility rebates.

Form 3468.

Accelerated Depreciation

Under the federal Modified Accelerated Cost-Recovery System's (MARCS) five-year accelerated depreciation schedule, businesses may recover investments through depreciation deductions in property placed in service after 1986. The amount of depreciation taken each year is higher during the earlier years of the solar system's life.

Form 4562.

New York State Property Tax Exemption

Provides a 15-year real property tax exemption for solar energy systems constructed in New York state, meaning the added value of the solar system will not further increase the property tax of the building.

Long Island Power Authority - Solar Entrepreneur Program

The LIPA Commercial Solar Entrepreneur rebate structure for Commercial entities is currently $1.75 per watt up to 50 kW. The maximum rebate is $87,500 (50 kW) or 50% of the installed costs, whichever is less(lipower.org/solar).

NYSERDA - PV Incentive Program

NYSERDA will provide $1.75 per watt up to a 50 kW system for a maximum rebate of $87,500 or 50% of the gross installed cost, which is less. (powernaturally.org)

Long Island Power Authority - Solar Entrepreneur Program

The LIPA Commercial Solar Entrepreneur rebate structure for Not For Profit entities is currently $2.75 per watt up to 50 kW. The maximum rebate is $137,500 (50 kW) or 50% of the installed costs, whichever is less (lipower.org/solar). NYSERDA - PV Incentive Program

NYSERDA will provide $1.75 per watt up to a 25 kW system for a maximum rebate of $43,750 or 50% of the gross installed cost, which is less. (powernaturally.org)