Michigan Utility Re-Opens PV Program
In Michigan, the eighth and ninth phases of the Consumers Energy’s Experimental Advanced Renewable Energy Program are now open. The deadline for application is set on the 10th of October. Under this program, Phase 8 offers a performance-based incentive of $0.219/kWh for electricity generated by non-residential photovoltaic (PV), and Phase 9 offers $0.249/kWh for residential PV.
PV, Wind Rebates in New Hampshire
The state of New Hampshire has added more funding to its rebate program for small photovoltaic (PV) and wind-energy systems. This new funding will wipe out a long waiting list for FY2012 rebates and provide funding for FY2013 rebates. The program budget for FY2013 has not been finalized yet.
Residential Solar Credit Extended to Third-Party Owned Systems in New York
Before, the state of New York requires that only solar systems owned by the homeowner or resident can avail of the residential solar tax credit, which is a credit of 25% of the total solar system costs or up to $5,000, against their state income taxes. But now, a new law allows the credit to be claimed for systems owned by a third party. Homeowners may now claim a credit for up to 15 years in the amount they pay under a solar lease or PPA with a term of 10 years or longer.
Sales Tax Exemption for Non-Residential Solar Established in New York
Starting on January 1, 2013, non-residential solar-energy systems used for heating, cooling, water heating, and electricity generation will be granted an exemption for sales and use tax. Residential solar systems has been exempted since 2005.
NYC PV Property Tax Abatement Extended
New York City’s real property tax abatement for photovoltaic (PV) systems, which was scheduled to expire at the end of 2012, has been extended for an additional two years. The expiration will be on 2014. The maximum abatement is at $62,500 annually.