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Rebates & Incentives:

Advanced Solar Power is committed to installing the best quality solar systems at competitive prices. Thanks to a LIPA rebate and new Federal and State Tax Credits available, solar has NEVER been more affordable.

As of May 3, 2010, LIPA's solar rebate is $2.00/watt for residential customers. Advanced Solar Power makes the whole process easy from start to finish. We will submit the LIPA rebate application for you and we will take assignment of the rebate to reduce your out of pocket cost! LIPA's rebate rate is reduced gradually, so act now by Requesting a Visit to receive an estimate for your desired solar system.

Long Island

  • Anyone living in Suffolk or Nassau county will be able to purchase their PV equipment without having to pay Sales Tax.
  • 15 year real property tax exemption for installed PV systems

Federal Government

  • A 30% Residential Solar Investment Tax Credit through December 31, 2016
  • No cap on credit for qualified solar electric property installations installed after 12/31/2008

To apply for the Federal Tax Credit, fill out and send in the Federal Tax Credit Form.

To learn about the Federal Tax Credit, visit the Solar Investment Tax Credit FAQ brought to you by the Solar Energy Industries Association.

New York State

  • A 25% Residential Tax Credit on net costs for a solar electric system
  • Maximum credit = $5,000
  • Sales tax FREE on PV equipment purchases in New York State
To apply for the State Credit, fill out and send in the NYS Tax Credit Form IT-255.

NOTE:Each County, City, Town, Village & School District on Long Island may choose to disallow the property tax exemption as noted in the NYS Office of Real Property Services section 4.01 RPTL Section 487.

 


 


                       

 

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