Energy Conservation Improvements Property Tax Exemption
In 2017, New York passed Assembly Bill 260, adding electric energy storage equipment and systems as eligible for an exemption from real property taxes for certain energy equipment.
Other equipment included in the exemption includes micro-hydroelectric energy systems, fuel cell electric generating systems, and micro-combined heat and power generating equipment systems (added in the 2017 bill), as well as solar, wind, and farm waste energy systems (previously included).
The tax exemption lasts for a period of fifteen years. To qualify for the exemption solar, wind, or farm waste energy systems must be (a) in existence or constructed prior to