"Nassau County - Long Island, New York"

Examples: Incentives for Solar Electric Systems

So how much will a solar electric system cost you after all of the tax credits and rebates are added up? Below we’ve estimated the cost of two commonly-sized installations: three-kilowatts and seven-kilowatts. As you’ll see, the initial solar electric system sticker-shock will fade away after factoring in the all of the savings available to you as a home or business owner in Nassau County.

The information below was prepared for general informational purposes only and, therefore, individuals may wish to consult an attorney, accountant, or other professional for advice specific to individual circumstances. See the disclaimer below.

A 3kW system - to provide approximately 30% of the average home electric use

	3 kW PV system including contractor installation at $8.00/watt:	$24,000
	LIPA's PV Rebate at $3.50/watt:	10,500
	Cost to Customer:	13,500
	New York State's Solar Tax 25% Credit (Capped at $5,000)	3,375
	Net Cost to Customer	10,125
	Federal Solar Tax 30% Credit	4,050
	Final Estimated Net Cost to Customer:	$6,075

A 7kW system- to provide approximately 70% of the average home electric use

	7 kW PV system including contractor installation at $8.00/watt:	$56,000
	LIPA's PV Rebate at $3.50/watt:	24,500
	Cost to Customer:	31,500
	New York State's Solar Tax 25% Credit (Capped at $5,000)	5,000
	Net Cost to Customer	26,500
	Federal Solar Tax 30% Credit	9,450
	Final Estimated Net Cost to Customer:	$17,050

Disclaimer: The information above was prepared for general informational purposes only, may not include current developments in the law, and does not constitute the provision of legal advice or tax advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers who are fully aware of the facts specific to your situation. None of the tax information on this website is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. Click here for additional disclaimers.