NY A07203

Establishes a tax credit for taxpayers who purchase and install a sun tunnel with a U-factor of 0.30 or below and solar heat gain coefficient of 0.30 or below in their principal residence located in New York State.

Credit equals 30 percent of qualified expenditures but capped at a maximum of $150 per sun tunnel.

Qualified expenditures include the sun tunnel purchase, materials, labor costs for installation, and architectural and engineering services, but exclude interest and finance charges.

Allows unused credit amounts to be carried over to the five taxable years following the year in which the credit is claimed.

Applicable to taxable years beginning on or after January 1, 2011, with the credit claimed in the year the sun tunnel is installed.