As expected, LIPA has announced they will adjust the rebate incentive for homes and businesses for their Solar Pioneer Program in the new year. Beginning January 1st, 2010, LIPA will reduce the solar PV rebate amount to $2.75 per watt. So as to take advantage of the $3.50 per watt they now offer, in addition to the State and uncapped Federal tax credits, it may be wise not to hesitate in your decision to install a solar photovoltaic system. Those who apply now for a LIPA rebate will secure the current rebate incentive AND have the option to install the system anytime within 6 months from the date of approval. Delaying could cost you $7,500 in LIPA rebates on an installed 10KW system. To receive the current incentive, applications must be submitted before December 31st, 2009. Happy Savings!