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Solar Panels for Small Business in NYC


Runaway ConEd bills can be an outsize factor for any NYC small business’s bottom line. Solar can both lower energy costs and make them more predictable, while communicating a clear environmental commitment to an increasingly climate conscious public.

Local small businesses also enjoy access to special additional canopy rebates and low cost “on-bill” financing supported by New York State. Ask us about both!

Value

Solar incentives and sky high electricity rates make NYC one of the best solar markets in the country. Rebates and tax credits can cover up to 70% or more of gross costs for most projects.

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For full details scroll over the different incentives.

Your Out-of-Pocket Cost

Up to 75% Covered

Accelerated Depreciation (MACRS)

Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in onsite solar energy through depreciation deductions. Most recently, The Tax Cuts and Jobs Act of 2017 increased bonus depreciation to 100% for qualified property acquired and placed in service after September 27, 2017 and before January 1, 2023.

Federal Solar Income Tax Credit

Your Out-of-Pocket Cost

Up to 75% Covered

NYC Solar Property Tax Abatement

Accelerated Depreciation (MACRS)

NYS Solar Rebate

Let’s Talk

Ask us about:

  • Additional rebates for solar canopies for NYC commercial projects
  • Low cost “on-bill” solar financing for small businesses.
Payback Period

5-8 Years

Avg. 25-Year Savings

$35,000-$45,000

Increased Property Resale Value
Low Cost Financing Options
Let’s Talk

Ask us about:

  • Additional rebates for solar canopies for NYC commercial projects
  • Low cost “on-bill” solar financing for small businesses.

BSW
Insurance Package

We’re committed to your system’s performance, monitoring, and payback.

We’ve got you, and your roof, covered.

30-year solar system warranty

30-Year Total
System Warranty

All BSW solor systems come with an industry leading 30-year warranty that covers all aspects of the system including the panels and inverter.

solar power production guarantee

Power Production
Guarantee

We guarantee your solar production. If your system fails to perform as expected, BSW will provide cash compensation to cover the loss in savings.

24/7 solar system monitoring

24/7 Real-Time
Monitoring

Systems report performance data to our monitoring staff who are notified if irregularities occur. Data is reviewed monthly to ensure systems are producing as designed. Customers can also track performance via their individual monitoring portal.

Completion Timeline

Average project completion time from contract signing: 2-3 Months

 

Scroll over project steps for full details.

Assessment & Proposal

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Project Initiation
(1 Month)

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Permit Application
(1 Month)

Approval Icon

System Installation
(1-3 Days)

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Inspection & Meter Swap
(2 Weeks)

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Tax Season

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Assessment & Proposal

BSW survey specialist completes 1-hour home assessment; You review project proposal with BSW solar consultant, and discuss tax credit eligibility with your accountant

Project Initiation
(1 Month)

You choose solar system size, sign contract, pay $3,000 down payment; BSW drafts project plan set and completes professional engineering review.

Permit Application
(1 Month)

BSW submits stamped plan set and building and electrical permit application to NYC Department of Buildings; awaits approval.

System Installation
(1-3 Days)

You schedule convenient day/time & pay remaining installation fee; BSW orders equipment, installs solar system at your home.

Inspection & Meter Swap
(2 Weeks)

BSW schedules ConEd meter swap and DOB electrical and building inspections; You provide access for swap and inspections (1 hour each).

Tax Season

BSW supplies state and federal tax forms; You claim our solar tax credits (& repay bridge loan if needed)

Customer Experience

Anatomy of a Solar System


Residential solar systems are surprisingly simple, consisting of only a few main components located on the roof and in the basement. BSW’s experienced installation team can complete a typical project in just one day with minimal disruption to your home and routine.

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