NY A09930

Increases personal income tax credit for qualified solar energy equipment to $5,000 each for solar thermal energy systems and solar electric energy systems, replacing the previous $5,000 combined limit.

Expands solar energy credit eligibility from principal residence only to any residence owned by the taxpayer.

Creates new $5,000 personal income tax credit equal to 25% of qualified wind energy system equipment expenditures for residential properties in New York State.

Allows wind energy credits to be carried over to the next five taxable years if the credit exceeds the taxpayer's tax liability in a given year.

Permits condominium associations and cooperative housing corporations to claim proportionate credits for members and tenant-stockholders, and increases kilowatt capacity thresholds for these entities (from 10 to 50 kilowatts for solar electric systems, from 25 to 50 kilowatts for wind systems).