NY A05150

Changes "micro-combined" heat and power generating equipment terminology to "combined" heat and power generating equipment throughout the real property tax law.

Expands eligible equipment capacity from a maximum of 10 kilowatts to 15 megawatts electric.

Lowers the required design total fuel use efficiency standard from 80 percent to 60 percent for heat and electricity production.

Extends exemption eligibility to include commercial customers in addition to residential customers.

Effective date is January 1, 2022.