Rebates & Tax Incentives: Business Energy Investment Tax Credit (ITC)

This Federally-funded tax credit is administered by the U.S. Internal Revenue Service was created and enacted in 2008. The law extended the duration of existing solar energy, fuel cell, and microturbine credits by eight years, but was recently scheduled to continue to 2022. The credit has experienced periods of expansion and regression; it was recently amended by The Consolidated Appropriations Act of 2015, which extended the expiration date but introduced a scheduled and gradual step down in the value of the credit. However, the Bipartisan Budget Act of 2018 reinstated the tax credit for the remaining technologies that have historically …

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Rebates & Tax Incentives: Residential Renewable Energy Tax Credit

The Residential Renewable Energy Tax Credit allows taxpayers to claim a credit of 30% of qualified expenses for a system serving a housing unit within the United States. The housing unit must be owned and used as a resident by the taxpayer, and expenses include labor costs for on-site preparation, assembly or system installation, and for piping or wiring to connect a system to the home. Maximum allowable credits vary by technology, but solar energy appears to reap the highest reward–in 2017, the average EnergySage Solar Marketplace shopper saved over $5,000 as a result of this tax credit.   Below, …

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Rebates and Tax Incentives: New York Green Building Tax Exemption

On July 18th of 2012, Governor Cuomo of New York signed into law the authorization for municipal corporations to provide a tax exemption for improvements to property started after January 1st, 2013 and which meet green certification standards. This state law provides authorization for the local jurisdiction to take action, though local law may specify a later date. All buildings certified as in compliance with ANSI-approved ICC 700 National Green Building Standards are eligible. This property tax exemption is only available if the remodel or renovation increases the previously-assessed value of the property. The value of this improvement must exceed …

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Rebates and Tax Incentives: Energy Upgrade California

Energy Upgrade California┬« is a statewide initiative. It is created to help Californians save energy, preserve natural resources, becoming more energy independent, and make informed choices about their energy use. California is on a mission to double their energy efficiency and hopes to reduce greenhouse gas emissions by 40% before 2030. This would take the state back to emission levels that existed prior to 1990. This goal will be difficult to achieve, but rebate programs, such as those offered in Energy Upgrade California, will allow building owners to more actively participate.   This initiative was created to both motivate and …

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