NY S04239

Expands the real property tax exemption for renewable energy systems to include all solar, wind, farm waste, micro-hydroelectric, fuel cell, micro-combined heat and power, electric energy storage, and fuel-flexible linear generator systems with generation capacity not exceeding 20 kilowatts and storage capacity not exceeding 30 kilowatt-hours.

Removes the January 1, 2030 expiration date for the renewable energy system exemption, making it permanent rather than time-limited.

Exempts qualifying renewable energy systems from the assessment increase limitation rules under subdivisions 8 and 9 of section 487, preventing homeowners from facing tax increases due to the addition of these systems.

Takes effect immediately upon enactment.