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Bill > S05846
NY S05846
NY S05846Expands the solar energy system equipment tax credit to cover solar energy system equipment installed in a community solar array; defines "community solar array" to mean a location other than a person's principal residence where solar energy system equipment is owned and installed for use in such person's principal residence.
summary
Introduced
03/03/2025
03/03/2025
In Committee
01/07/2026
01/07/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to expanding the solar energy system equipment tax credit to cover solar energy system equipment installed in a community solar array
AI Summary
This bill expands the solar energy system equipment tax credit to include equipment installed in a "community solar array," which is defined as a location separate from a person's main home where solar equipment is owned and installed to provide energy for that person's main residence. This change allows individuals to benefit from solar tax credits even if their solar panels are not located directly on their own property, as long as the energy generated is used in their principal residence. The bill also clarifies that the credit can be prorated among multiple taxpayers who share ownership or installation costs in a community solar array.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
PRINT NUMBER 5846A (on 03/02/2026)
Official Document
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