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Solar One presentation 4/23/12 walking through rooftop solar financials. Used by permission.
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Picture of Photovoltaic system kips bay -‐
Solar Energy Incentives in New York City
500 sq. ft.
5 kilowatt PV array
Savings?
60 -‐ 100% reduction on Utility payments
PV Cost
$35,000 5 kW =
($7/watt)
PV Cost $35,000
PV Cost $35,000 -‐ $7,500
$27,500 NYSERDA PV Rebate
PV Cost $35,000 -‐ $7,500
$19,250 30% Fed Tax Credit NYSERDA PV Rebate
-‐ $8,250
PV Cost $35,000 -‐ $7,500
$14,250
30% Fed Tax Credit -‐ $5,000 25% NYS Tax Credit
NYSERDA PV Rebate -‐ $8,250
PV Cost $35,000 -‐ $7,500
$8,750
30% Fed Tax Credit -‐ $5,000 25% NYS Tax Credit
NYSERDA PV Rebate -‐ $8,250
20% NYC Solar Property Tax Abatement (4 Years)
-‐ $5,500
Annual Savings
Annual Savings
Annual Production: 5750 kWh
Annual Savings
Annual Production: 5750 kWh Cost per kWh: $0.21 kWh
Annual Savings
Annual Production: 5750 kWh Cost per kWh: $0.21 kWh
$1200
Payback
$8,750 $1,200
Payback
7.3 years = $8,750 $1,200
25 year Warrantee
30 -‐ 40 year operating life
Non-‐profit building
25 kilowatt PV array
PV Cost $150,000 -‐ $37,500
$112,500 NYSERDA PV Rebate
Annual Savings
Annual Production: 28,750 kWh Cost per kWh: $0.21 kWh
$6000
Payback
18.75 years
= $112,500 $6,000
Picture of Photovoltaic system kips bay -‐
Max Joel
Director, Energy Connections Program Solar One
max@solar1.org 646-‐576-‐5673
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