Thursday, April 14, 2011

New Solar Hot Water Incentives in NY

The New York Energy Research and Development Authority is offering $25 million over the next five years to promote solar hot water system conversion.

The program provides incentives of up to $4,000 per eligible residential site and up to $25,000 per eligible commercial and non-profit site. Customers must currently use electricity to produce hot water.

State Agricultural Commissioner Darrel Aubertine is encouraging farms with electric hot water systems to apply for the incentives for solar thermal systems. Dairy farms, in particular, use a significant amount of hot water daily to sanitize milking equipment.

By combining federal and state tax incentives with the new program, incentives are expected to cover 70 to 75 percent of installed costs.

Visit http://www.nyserda.org/funding/2149pon.asp for more information and to apply.