NY A02616

Changes the definition of "micro-combined heat and power generating equipment" to "combined heat and power generating equipment" and expands the capacity limit from 10 kilowatts to 15 megawatts electric.

Lowers the required design total fuel use efficiency from 80 percent to 60 percent for combined heat and power systems to qualify for the exemption.

Expands eligibility to include both residential and commercial customers for combined heat and power generating equipment systems.

Extends the 15-year tax exemption period to apply to combined heat and power generating equipment systems constructed between January 1, 2018 and January 1, 2030.

Allows counties, cities, towns, villages, and school districts to opt out of the exemption for combined heat and power generating equipment systems constructed after January 1, 2018 through local law or resolution.