Bill > S05846

This bill expands the existing solar energy system equipment tax credit in New York state to include solar energy systems installed in community solar arrays. A "community solar array" is defined as a location separate from a person's principal residence where solar energy system equipment is owned and installed specifically to provide energy for that person's primary home. The bill modifies the tax law to allow taxpayers to claim the tax credit for solar equipment installed in these community solar arrays, not just equipment installed directly on their own residence. If multiple taxpayers share a community solar array or a principal residence with solar equipment, the tax credit will be prorated based on each taxpayer's percentage of contribution to the total equipment expenditure. The changes will take effect for taxable years beginning on or after January 1, 2025, providing a new avenue for residents to benefit from solar energy tax incentives even if they cannot install solar panels directly on their own property.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S5846