Solar for Commercial Buildings in NYC

Runaway ConEd bills can be an outsize factor for any local 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 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 75% or more of gross costs for most projects.

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For full details hover over the different incentives.

Federal Solar Income Tax Credit

30% of your solar installation costs can be claimed as a federal income tax credit. The total credit can be divided among shareholders and owners on a unit equity basis. The credit can be divided over multiple tax years if a client is unable to fully utilize it in a single year.

Your Out-of-Pocket Cost

Up to 70% Covered

NYC Solar Property Tax Abatement

30% of your solar installation costs can be claimed as a local property tax abatement with the NYC Department of Finance. The abatement is divided into annual installments over a four year cycle.

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.

NYS Solar Rebate

New York State residential solar projects receive a rebate that reduces their upfront contract price. The rebate declines over time based on the amount of solar installed in different regions of the state. For residential projects in New York City, the state rebate is currently $.20 per Watt of solar installed.

Federal Solar Income Tax Credit

Your Out-of-Pocket Cost

Up to 70% 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.
A 16 KW solar array on Colossal Media Group's Newtown Creek shop in Williamsburg.
A 16 KW solar array on Colossal Media Group's Newtown Creek shop in Williamsburg.
A hybrid tilt and canopy solar system installed on Workforce Housing Group's headquarters in Long Island City.
A hybrid tilt and canopy solar system installed on Workforce Housing Group's headquarters in Long Island City.
A 32 KW Tilt Rack installation on BSW's Gowanus headquarters. The electricity generated by the system is credited directly to BSW team member's monthly ConEd bills using community solar.
A 32 KW Tilt Rack installation on BSW's Gowanus headquarters. The electricity generated by the system is credited directly to BSW team member's monthly ConEd bills using community solar.

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 solar 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

Project Initiation
(1 Month)

Permit Application
(1 Month)

System Installation
(1-3 Days)

Inspection & Meter Swap
(2 Weeks)

Tax Season

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

“"From permitting, to install, to service, Brooklyn SolarWorks has stood by their work and delivered a seamless experience with our system. Our system has met the promised yield expectations and saved us nearly $4,000 per year in electricity costs."”
Jordan Garner, Colossal Media Group, Williamsburg

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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