New York Solar Market Overview

Full State of New York: Net Metering Policy

• 1 for 1 Net Metering: Every customer receives 1 KWH for 1 KWH produced. These credits carry forward for 20 years.

• Non-cashable Credits: Customers cannot cash out these credits.

New York Solar Market Breakdown

New York is divided into three major markets:

1. Long Island (PSEG Territory)

• Current KWH Rate: $0.23 - $0.26 per KWH.

• Incentives:

  1. Federal Tax Credit: 30% of the total system cost.

  2. State Tax Credit: 25% of the total system cost (capped at $5,000).

• Competitive Selling Price: $3.10 - $3.30 per watt.

2. Boroughs (Bronx, Queens, Brooklyn, Staten Island)

• CONEDISON KWH Rate: $0.42 - $0.47 per KWH.

• Incentives:

  1. Federal Tax Credit: 30% of the total system cost.

  2. State Tax Credit: 25% of the total system cost (capped at $5,000).

  3. NYSERDA Rebate: $0.20 - $0.80 per watt (based on income level).

  4. Property Tax Abatement: 30% of the total system cost, spread over 4 years.
     Example: For a $30,000 system, $9,000 abatement is received over 4 years ($2,250/year).

• Competitive Selling Price: $3.60 - $4.00 per watt.

Key Boroughs Considerations:

• Flat Roof Setup: 6-foot roof edge setback required on the front and one side.

• Canopy System: Avoids setback requirements; arrays must be 9 feet above the roof.
  Note: Canopies are not allowed in historic districts.
  Check if the property is in a historic district here.

3. Greater NY Area (5 Utility Companies)

1. CONEDISON: $0.37 per KWH.

2. National Grid: $0.185 per KWH.

3. Orange & Rockland: $0.26 per KWH.

4. Central Hudson: $0.26 per KWH.

5. Rochester Gas & Electric: $0.185 per KWH.

6. NYSEG: $0.185 per KWH.

• Incentives:

  1. Federal Tax Credit: 30% of the total system cost.

  2. State Tax Credit: 25% of the total system cost (capped at $5,000).

  3. NYSERDA Rebate: $0.20 - $0.80 per watt (based on income level).

Low-Income Approval Process (Boroughs & Greater NY Area)

• Rebate Eligibility: Households below the income threshold may qualify for an $0.80 per watt rebate.

  • Check eligibility based on income and county here.

• Application: Fill out the Low-Income Application here.

• Pro Tip: After submission, email all required documents again to ensure fast approval:

  • Email: sharedservices@nyserda.ny.gov

  • CC: nborrelli@gosimpleflow.com

Finance & Lease Options in NY

Long Island:

• Available Lenders: Posigen, Lightreach, Enfin, Goodleap, EFS.

Greater NY Area:

• Available Lenders:

  • Posigen: Central Hudson, Orange & Rockland, CONED.

  • Lightreach: Central Hudson, Orange & Rockland, CONED, NYSEG, National Grid.

  • Enfin, Goodleap, EFS.

CONED:

• Available Lenders: Posigen, Enfin, Goodleap, EFS.