NYSERDA – PV Incentive Program

State:      New York

  • Incentive Type:     State Rebate Program
  • Eligible Renewable/Other Technologies:     Photovoltaics
  • Applicable Sectors:     Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, State Government, Institutional, (Must be customer of investor-owned utility in NY)
  • Amount:    $1.75/watt DC; Incentive may be reduced for potential production losses associated with shading, system orientation, tilt angle, and other factors
  • Maximum Incentive:    Maximum determined by sector, incentive level; may not exceed 40% of costs after any available tax credits
  • Residential: $12,250
  • Non-residential: $87,500
  • Non-profit, gov’t, schools: $43,750
  • Eligible System Size:    None specified, but systems may not exceed 110% of demonstrated energy demand.
  • Equipment Requirements:    Systems and components must be new; modules and inverters must meet applicable UL and IEEE standards; monitoring equipment with accuracy of +/- 5% required; minimum five-year system warranty against breakdown or degradation of more than 10% from original rated output; two-year warranty on battery back-up systems.
  • Installation Requirements:    System must be a grid-connected, end-use application; be installed by a pre-approved contractor; and comply with New York’s Standard Interconnection Requirements and all federal, state and local codes.
  • Ownership of Renewable Energy Credits:    NYSERDA for first 3 years of system operation, customer/generator thereafter
  • Funding Source:    RPS surcharge
  • Program Budget:    2010-2015: $144 M ($2 M per month)
  • 2008-2009: $75.3 M*
  • Start Date:    08/12/2010 (current PON 2112)
  • Expiration Date:    12/31/2015
  • Web Site:     http://www.nyserda.org/funding/2112pon.asp