Long Island Power Authority offers a variety of incentive programs which help residential customers upgrade to more energy efficient equipment and appliances in their homes. The Cool Homes Program provides rebates for both homeowners and contractors for the installation of energy efficient central air conditioning systems and air-source heat pumps. Prescriptive rebates are also available a wide range of efficient appliances and products including:
As a municipal utility, the Long Island Power Authority (LIPA) is not obligated to comply with the [http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=N... New York Renewable Portfolio Standard (RPS)]. The LIPA Board of Trustees has nevertheless decided to make their own renewable energy commitment mirroring the requirements for New York’s investor owned utilities.
'''''Note: As of August 30, 2013, LIPA has suspended the Solar Pioneer Residential Program. However, the utility plans to reopen the program on September 23 with $5 million pledged by New York State. See the web site above for more information. The summary below describes the program as it was in effect before the residential program was suspended. '''''
: Note: In October 2012 the LIPA Board of Trustees adopted changes to the utility's net metering tariff that permit remote net metering for non-residential solar and wind energy systems, and farm-based biogas and wind energy systems. It also adopted a measure to increase the aggregate net metering cap for solar, agricultural biogas, residential micro-CHP and fuel cells from 51.2 MW to 150 MW. The change in the general aggregate net metering cap does not affect the 15.3 MW cap specific to wind energy systems.
Long Island Power Authority offers a variety of incentives for its non-residential customers to increase the energy efficiency of facilities through the Commercial Efficiency Program. Major renovations of existing buildings and new construction projects are both eligible for this program, with new construction incentives being slightly reduced compared to existing building incentives. There are several paths to choose from in the program, each one designed to fit the needs of a particular customer.
Section 487 of the New York State Real Property Tax Law provides a 15-year real property tax exemption for solar, wind energy, and farm-waste energy systems constructed in New York State. As currently effective, the law is a ''local option'' exemption, meaning that local governments are permitted decide whether or not to allow it. The exemption was mandatory prior to a 1990 reenactment in which the local option clause was added.
New York enacted legislation in July 2005 exempting the sale and installation of residential solar-energy systems from the state's sales and compensating use taxes. The exemption applies to solar-energy systems that utilize solar radiation to produce energy designed to provide heating, cooling, hot water and/or electricity. In 2012 the exemption was also extended to commercial solar energy systems, effective January 1, 2013. The exemption does not apply to solar pool heating or other recreational applications.
In July 2012 New York enacted legislation allowing municipal corporations to exempt green buildings from real property taxes. It is important to note that this law allows but does not require local governments to extend favorable property tax treatment to green buildings. In order for the exemption to apply, a municipal corporation must first adopt an ordinance this effect.
'''''Note: The Federal Housing Financing Agency (FHFA) issued a [http://www.fhfa.gov/webfiles/15884/PACESTMT7610.pdf statement] in July 2010 concerning the senior lien status associated with most PACE programs. In response to the FHFA statement, most local PACE programs have been suspended until further clarification is provided. '''''