Bill > S04126

This bill amends the local finance law to establish a 25-year period of probable usefulness for solar energy infrastructure projects. Specifically, the legislation defines a standard depreciation and financing timeline for solar arrays and solar panel systems, which includes not just the panels themselves, but potentially also associated buildings, land, equipment, machinery, and apparatus. The 25-year period provides a clear financial framework for municipalities and local governments when planning, financing, and accounting for solar energy investments. By setting this standardized timeline, the bill aims to provide clarity and potentially encourage more solar energy development by establishing a predictable financial accounting method for such renewable energy infrastructure. The bill takes effect immediately upon passage, meaning local governments can apply this new 25-year period of probable usefulness right away when considering solar energy projects.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S4126