Are there exemptions for Solar, Wind and Farm Waste Energy Systems?
An exemption was recently adopted for property that contains a solar, wind, or farm waste energy system meeting the requirements approved by the NYS Energy Research and Development Authority. This exempts for 15 years any increase in value attributed to the energy production of the system and not for other dual uses such as living or office space. This applies in general to systems constructed since 1990. For more details on the technical specifications and construction dates refer to the design requirements booklet. NYS RPTL 487. Applies to City, School and County Taxes.
