NY A00034

Expands tax credit eligibility to include leasing solar energy system equipment under written agreements spanning at least ten years where equipment is owned by someone other than the taxpayer.

Adds tax credit eligibility for purchasing power generated by solar energy system equipment under written agreements spanning at least ten years where equipment is owned by someone other than the taxpayer.

Allows qualified expenditures for leases and power purchase agreements to include all payments due under the initial agreement term, including any upfront amounts paid.

Clarifies that qualified expenditures for equipment purchases exclude interest and other finance charges.

Effective immediately and deemed in effect retroactively to January 1, 2011.