Current Federal, New York State and Long Island incentives for homeowners to install solar are abundant. Cantiague Electric is a certified solar installer and we are Long Island solar experts. As an an approved, licensed solar panel installer, we are happy to respond to your questions with honest answers and help you decide if solar is advantageous for you.

Below is a list of rebates and incentives which will help you decide whether to Go Solar!

Federal Incentives

Residential System Tax Credit

A personal tax credit of 30% is allowed to taxpayers on the cost of equipment and installation of residential solar systems. This credit currently is available through the year 2016.

Residential Mortgages for Energy Efficient Systems

You may be eligible for this federal program, which finances energy-efficient mortgages (EEM), partially paying for your new solar panel system.

New York State Incentives

State Sales Tax Exemption

Homeowners who install renewable energy systems in their homes are granted tax exemptions based on home “improvements”.

Photovoltaic Tax Credit for Residential Solar

Homeowners are allowed a tax credit of 25% of the value of installation and equipment of PV systems, up to a $5,000 maximum credit. Residential PV systems must not exceed a size of 10kW to qualify for this credit.

Property Tax Abatement for PV Equipment Costs

Homeowners who install renewable energy technologies in their residences are granted complete tax exemption on “home improvements”. Solar systems are completely exempt from state sales tax.

NYSERDA - Residential PV Incentive Program

Installation of qualified grid-connected PV systems offers homeowners incentives of $1.75/watt DC. Systems must not exceed 8kW in size to be eligible for this program. Incentives are capped at $28,000.

Long Island Incentives

Long Island Power Authority (LIPA)- Residential Solar Rebate Program

Rebates are available at the rate of $1.75 per DC watt of the installed PV system, up to 10kW to qualify for this program. The rebate maximum payout is $17,500.

Long Island Power Authority (LIPA) - Net Metering

LIPA offers net metering benefits to custumers who have installed solar, wind or hybrid systems of up to 27.5kW. A specialized electric meter must be installed, measuring both your home’s upstream and downstream electricity transfer rates. Net excess generation (NEG) accrues at your normal hourly electric rate. The net result is a monthly credit on your electric bill.

Net Metering

New York grants a net metering option to homeowners who purchase grid-connected PV systems. Compensation is given in the form of credit on the participant’s monthly electric bill.

Localized Incentives

Hemptstead

Solar building permit fees have been reduced to $100.

North Hempstead

Fees for building permits are waived for construction of solar PV systems.

Riverhead

Residents of Riverhead who install a PV system on their property can get their building permit for $150, instead of the old $1,000 and up fees.

Southampton - Residential Rebate Program

Southampton homeowners who install solar systems with an output of 5kW or more are granted a $2,500 bonus. All necessary certificates and invoices need to be submitted to qualify. Cantiague Electric can help you with the paperwork. Smaller systems are ineligible for this rebate.