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NY S05846
Bill
Status
3/3/2025
Primary Sponsor
James Skoufis
Click for details
AI Summary
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Expands New York's existing solar energy system equipment tax credit to include equipment installed in community solar arrays, not just equipment installed directly at a residence
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Defines "community solar array" as a location other than a person's principal residence where solar equipment is owned and installed for use in that person's principal residence
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Allows multiple taxpayers sharing a community solar array to prorate the tax credit based on each person's percentage contribution to the total equipment expenditure
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Takes effect immediately and applies to taxable years beginning on or after January 1, 2025
Legislative Description
Expands the solar energy system equipment tax credit to cover solar energy system equipment installed in a community solar array; defines "community solar array" to mean a location other than a person's principal residence where solar energy system equipment is owned and installed for use in such person's principal residence.
Last Action
PRINT NUMBER 5846A
3/2/2026