NY A01161

Expands the property tax exemption from "micro-combined" heat and power systems to all "combined" heat and power generating equipment serving residential or commercial customers

Increases the maximum eligible capacity from 10 kilowatts to 15 megawatts electric, significantly broadening the scope of qualifying systems

Lowers the minimum fuel use efficiency requirement from 80% to 60% for systems to qualify for the tax exemption

Provides a 15-year property tax exemption for the increased property value attributable to installing qualifying combined heat and power systems

Takes effect January 1, 2026, with the exemption available for systems constructed before January 1, 2030