How To Use The Education Tax Credit To Put Green Technology On School Buildings.

Offsetting STEM project installation costs using sustainable energy subsidies

 

Labor and installation costs for any sustainable energy project will vary. Under the education tax credit proposal, crowd funded donations can provide a substantial offset to any cost as incentives, rebates and subsides will also come into play.  For most projects, the numbers will make complete irresistible sense for any district. For example:

 

Energy companies offer their bigger customers certain breaks to install energy saving products. Under the education tax credit and with crowd funded donations your school may realize:

  • green customer discounts
  • per unit rebates
  • free fixture swaps
  • and more

 

Payback for any costs is significantly faster because money donated would not be considered in a payback calculation. For some projects, schools could see a check. Click to see what your utility currently offers commercial customers:

 

State subsidies up to 79% for Solar Panel installations

 

In addition to incentives from the power companies, NYS through NYSERDA offers a selection of generous subsidies. While each install instance is different, the chart below is what has been done in the past for local governments and schools. Keep in mind, a crowd funded purchase of a $30,000 25kw solar kit will knock a substantial amount off the total price. There may also be federal rebates/incentives.  In some instances, petty cash accounts may cover any shortfall or the project may be entirely free.  The chart below was obtained from NY’s Open Book website, the subsidy percentage column was generated here:

 

City Date PV Module Quantity Project Cost $Incentive % Total Nameplate KW
Williamsville 02/23/2012 66 $88,660.00 $25,872.00 29.18% 14.78
Sherman 10/09/2012 116 $157,248.00 $42,588.00 27.08% 24.36
Sherman 09/27/2012 112 $158,340.00 $41,160.00 25.99% 23.52
Sherman 10/09/2012 116 $158,339.40 $42,630.00 26.92% 24.36
Fredonia 10/30/2012 78 $104,832.00 $28,665.00 27.34% 16.38
Ithaca 10/22/2014 236 $269,723.40 $80,430.00 29.82% 49.56
Ithaca 11/07/2012 116 $158,340.00 $42,630.00 26.92% 24.36
Ithaca 06/25/2013 116 $158,340.00 $42,630.00 26.92% 24.36
Ithaca 11/07/2012 96 $131,040.00 $35,280.00 26.92% 20.16
Trumansburg 03/28/2013 116 $158,340.00 $42,630.00 26.92% 24.36
Trumansburg 03/28/2013 88 $120,120.00 $32,340.00 26.92% 18.48
Ithaca 06/24/2013 238 $271,580.40 $81,060.00 29.85% 49.98
Ithaca 06/25/2013 108 $158,340.00 $39,690.00 25.07% 22.68
Dryden 07/31/2013 116 $158,340.00 $42,630.00 26.92% 24.36
Dryden 07/31/2013 220 $301,665.00 $75,390.00 24.99% 46.2
Montrose 03/17/2011 60 $90,628.00 $22,575.00 24.91% 12.9
Germantown 01/25/2011 48 $63,360.00 $18,480.00 29.17% 10.56
Binghamton 11/23/2010 114 $108,944.00 $43,750.00 40.16% 25.08
Rochester 09/22/2011 192 $215,000.32 $88,560.00 41.19% 39.36
Clayton 06/21/2011 108 $147,186.20 $73,593.10 50.00% 24.19
Sackets Harbor 01/27/2011 18 $40,603.00 $7,245.00 17.84% 4.03
Canandaigua 09/20/2012 164 $219,866.12 $71,750.00 32.63% 41
Clayton 03/22/2012 108 $120,960.00 $42,336.00 35.00% 24.19
Suffern 12/06/2007 40 $51,893.00 $32,000.00 61.67% 6.4
Marcy 01/27/2011 221 $265,000.00 $87,018.75 32.84% 49.73
Katonah 10/01/2012 94 $109,134.01 $43,750.00 40.09% 25.38
Delmar 02/26/2004 6 $8,000.00 $4,950.00 61.88% 0.99
Westport 12/30/2010 90 $129,031.40 $36,225.00 28.07% 20.7
New Windsor 07/01/2011 325 $430,685.00 $87,500.00 20.32% 71.5
North Hudson 07/23/2010 48 $74,511.00 $56,400.00 75.69% 11.28
Brooklyn 03/12/2012 44 $136,790.10 $17,710.00 12.95% 10.12
Buffalo 03/19/2012 66 $127,494.00 $27,143.00 21.29% 15.51
Buffalo 05/24/2012 22 $42,105.08 $9,048.00 21.49% 5.17
Buffalo 10/02/2012 55 $130,000.00 $23,100.00 17.77% 13.2
Buffalo 11/14/2012 21 $41,143.00 $7,560.00 18.37% 5.04
Buffalo 03/21/2013 22 $42,103.50 $7,755.00 18.42% 5.17
Buffalo 12/31/2012 21 $41,143.00 $7,560.00 18.37% 5.04
Buffalo 12/31/2012 42 $85,000.00 $15,120.00 17.79% 10.08
Buffalo 12/31/2012 38 $76,500.00 $13,748.00 17.97% 9.12
Buffalo 12/31/2012 30 $59,500.00 $10,800.00 18.15% 7.2
Far Rockaway 09/20/2006 28 $146,500.00 $17,472.00 11.93% 5.82
Fishkill 12/05/2005 18 $19,880.00 $10,080.00 50.70% 2.52
New York 10/15/2007 157 $253,350.00 $81,760.00 32.27% 20.44
Chestertown 12/31/2012 18 $44,300.00 $9,450.00 21.33% 5.4
New Windsor 01/18/2005 96 $114,793.00 $63,360.00 55.20% 15.84
Rensselaer 10/05/2010 108 $194,866.00 $124,200.00 63.74% 24.84
Nassau 11/29/2010 108 $187,000.00 $125,000.00 66.84% 24.84
Gilboa 01/11/2012 120 $280,150.00 $43,750.00 15.62% 25.2
West Haverstraw 09/08/2011 18 $28,553.00 $7,402.50 25.93% 4.23
Ancram 07/12/2010 110 $155,523.00 $123,200.00 79.22% 24.64
Upper Nyack 05/24/2007 30 $36,233.00 $16,320.00 45.04% 4.08
Binghamton 03/21/2011 24 $26,460.00 $8,820.00 33.33% 5.04
Dewitt 12/13/2011 204 $239,648.00 $43,750.00 18.26% 48.96
Binghamton 03/21/2011 24 $26,460.00 $8,820.00 33.33% 5.04
Staten Island 10/09/2012 32 $55,000.00 $15,680.00 28.51% 9.28
Essex 12/09/2011 180 $460,100.00 $102,100.00 22.19% 41.4
East Syracuse 01/20/2012 60 $53,541.89 $19,425.00 36.28% 11.1
Beacon 05/09/2011 60 $124,390.00 $23,625.00 18.99% 13.5
Rochester 12/21/2011 201 $255,000.00 $81,873.75 32.11% 46.79
Canandaigua 07/11/2011 208 $287,500.00 $87,500.00 30.43% 50.96
Cheektowaga 03/27/2012 216 $230,932.00 $43,750.00 18.94% 51.84
Cheektowaga 02/22/2012 104 $115,750.00 $43,680.00 37.74% 24.96
Cheektowaga 02/23/2012 204 $218,007.00 $43,750.00 20.07% 48.96

 

 

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