Bill > S01902

This bill amends the New York Real Property Tax Law to expand tax exemptions for renewable energy systems installed by homeowners. Specifically, the bill adds a new provision that exempts small-scale renewable energy systems from property tax increases, focusing on systems with a generation capacity not exceeding 20 kilowatts and electric energy storage capacity not exceeding 30 kilowatt-hours. The bill covers various types of renewable energy technologies, including solar, wind, farm waste, micro-hydroelectric, fuel cell, micro-combined heat and power, and electric energy storage systems. These exemptions apply to systems constructed between January 2018 and January 2030, which means homeowners who install qualifying renewable energy systems during this period can avoid property tax increases related to the value added by these improvements. By providing this tax incentive, the bill aims to encourage homeowners to invest in renewable energy technologies by reducing the financial burden associated with such installations.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1902