New York Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 02/01/2013
Program Overview:
| State: |
New York |
| Incentive Type: |
Sales Tax Incentive |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics |
| Applicable Sectors: |
Commercial, Residential, Multi-Family Residential |
| Amount: | Upon local authorization, 100% exemption from local sales tax |
| Start Date: | Residential: 09/01/2005 (state authorization, resultant local exemptions may differ)
Commercial: 01/01/2013 (state authorization, resultant local exemptions may differ) |
Authority 1:
Date Enacted:
Date Effective:
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NYCL Tax, Article 29 ยง 1210(a) & 1210(n)
07/26/2005
09/01/2005
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Authority 2:
Date Enacted:
Date Effective:
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S.B. 3203
08/17/2012
01/01/2013
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Summary:
New York enacted legislation in July 2005 exempting the sale and installation of residential solar-energy systems from the state's sales and compensating use taxes. The exemption applies to solar-energy systems that utilize solar radiation to produce energy designed to provide heating, cooling, hot water and/or electricity. In 2012 the exemption was also extended to commercial solar energy systems, effective January 1, 2013. The exemption does not apply to solar pool heating or other recreational applications. The laws also permit local governments (municipalities and counties) to grant an exemption from local sales taxes. If a city with a population of 1 million or more chooses to grant the local exemption, it must enact a specific resolution that appears in the state law. Local sales tax rates in New York range from 1.5% to more than 4% in addition to the general state sales tax rate of 4%.
The New York Department of Taxation and Finance publishes a variety of sales tax reports detailing local tax rates and exemptions, including those for solar energy equipment. The solar sales tax list (Publication 718-S) is updated frequently. The New York Department of Taxation and Finance has issued a small amount of additional guidance and instructions on how to claim the exemption in Publication TSB-M-05(11)S (residential) and Publication TSB-M-12(14)S (commercial).
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Contact:
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Taxpayer Assistance - Sales Tax Information Center
New York State Department of Taxation and Finance
W.A. Harriman Campus
Albany, NY 12227
Phone: (518) 485-2889
Phone 2: (800) 698-2909
Web Site: http://www.tax.ny.gov/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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