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August 13, 2010

LIPA TO LOWER REBATES ON SOLAR

One of the main reasons that solar is affordable and such a great investment, is on account of the LIPA rebate.  The current level is $2.00 per watt. With such high demand, LIPA developed a block system. To keep the project going, the rebate drops by $0.25 whenever they approve 1 megawatt of rebates.  The current block is 80% complete, and we expect it to be finished this week. The difference on a 10k system is $2500. Here is a link to LIPA's graph so you can track the block.  They update the site on Fridays (most of the time).


http://www.lipower.org/residential/efficiency/renewables/solar-blockgragh.html


So, here's the deal. If you are considering solar for your house or business, you can get your application in to LIPA now. This will get you in line so you don't miss out on the higher rebate. You can withdraw your application, or file a revision at any time.  This way, you can continue your research and make sure you can get your design to where you want it to be. You can even change contractors if you wish.


LI Power Solutions is happy to file the application, for non (future) customers for a nominal fee. The fee is: $100 for LIPA plus a $50 filing and drawing fee. If you use L.I.P.S., the fee will be refunded to you.  Call today, we expect demand to be high.


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