Bill > S09961

This bill increases the solar energy system equipment tax credit, implements a new solar STAR credit for homeowners in municipalities that host midscale solar energy projects, and amends provisions relating to the role of municipalities in siting major renewable energy facilities. Specifically, the bill: 1) Increases the solar energy system equipment tax credit from 25% to 40% of qualified expenditures, with a higher maximum credit of $10,000 for equipment placed in service on or after January 1, 2025. 2) Creates a new solar STAR credit worth 25% of the basic STAR credit for homeowners in municipalities that agree to host at least two midscale (1-5 MW) solar energy projects. This credit is available for 10 years after the second project is completed. 3) Requires major renewable energy and electric transmission facilities to obtain permits not only from the state, but also from any municipality where the facility will be located.