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- Electricity Credit (Net metering) - Net metering offsets your electric bill when you generate your own solar electricity and a credit from your power company if you produce more than you use.
- 30% Federal Investment Tax Credit - Take advantage of the Investment Tax Credit. Commercial systems can qualify for a tax credit of 30% of the value of the solar system that can be carried over 20 years. (http://www.ustreas.gov/recovery/docs/guidance.pdf)
- Solar Property Tax Abatement - Benefit from the increased value solar adds to your business without paying more property taxes. NYC offers four (4) years abatement at 20%. . (http://www.nyc.gov/html/dob/downloads/pdf/solar_factsheet.pdf)
- Accelerated Depreciation – Under the federal Modified Accelerated Cost-Recovery System (MARCS), businesses may recover investments in renewable energy technologies over a (5) year accelerated depreciation schedule (26 USC 48(a)(A). Information on the federal MARCS, see IRS Publication 946, IRS Form 4562. .
- LIPA/NYSERDA Incentive Programs – starting at $1.75 per watt up to 50 KW or $87,500 from your local utility for Non Profit Entities.
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