• Must be a commercial electric customer located in LIPA service territory
• LIPA rebates are valid only for new grid-connected PV systems
• $1.30* per watt up to 50 kWdc with a maximum of $65,000 *
• Commercial entities are eligible to be pre-approved for up to 50kWdc (per 12 month period). Multiple applications will be accepted, but the combined kWdc shall not exceed 50 kWdc.
• For any specific account number the maximum lifetime rebate monies eligibility is 50 kWdc.
• Rebates are on a first-come, first-serve basis pending application pre-approval by LIPA
** The Maximum Rebate paid by LIPA per metered account will not exceed 50 kWdc or 50% of the installed costs, whichever is less.
Federal Tax Incentive
• 30% Commercial Solar Investment Tax Credit through December 31, 2016
• No cap on credit for qualified solar electric property installations installed after 12/31/08
• Five (5) year Accelerated Depreciation schedule