Enacts the "responsible renewable energy recycling act" to require manufacturers of solar panels, wind turbines, and batteries to collect such materials when they are taken out of use; requires educational outreach relating thereto; establishes collection goals therefor; requires reporting of collection efforts.
Excludes solar or wind energy projects in the county of Lewis that were already in existence on the effective date of Part N of chapter 59 of the laws of 2023 from certain appraisal models and discount rates.
Permits and encourages state owned parking facilities to install solar canopies in any parking garage, open parking lot or other parking facility owned and/or operated by the state of New York, that offers parking spaces for the purposes of public use, state employee use or pay-per-usage constructed prior to January 1, 2030; requires such installation after January 1, 2030.
Provides that credits for excess electricity generated by customer-generators subject to net energy metering by an electric corporation or the Long Island power authority may be carried over indefinitely and used against any charges imposed by an electric corporation or the Long Island power authority when the customer-generator uses more electricity than such customer generates; provides for the accounting of credits once every 5 years and the electric corporation or Long Island power authority shall reimburse the customer-generator for the accumulated credits.
Relates to school districts evaluating capital improvement projects for such school district in the state for: compliance with the New York state climate leadership and community protection act, upgrading heating, ventilation or air conditioning to be more energy efficient, including, but not limited to upgrading to an active solar heating system; installing solar panels or other sources of alternative energy; improving broadband accessibility and reliability; upgrading technology so that it is more resistant to security risks; structural improvements, including, but not limited to windows, roofs, foundations and walls; purchasing hybrid or electric school buses; and upgrading plumbing and electrical systems.
Enacts the "responsible renewable energy recycling act" to require manufacturers of solar panels, wind turbines, and batteries to collect such materials when they are taken out of use; requires educational outreach relating thereto; establishes collection goals therefor; requires reporting of collection efforts.
This bill increases the residential solar tax credit to 26% of qualified solar equipment costs, with new maximum credit amounts: $3,750 for installations before 2026, $5,000 for installations in 2026, and $10,000 for installations in 2027 and after. It applies to homeowners who install solar systems in their principal residence within the state, covering equipment purchases, long-term leases (10+ years), and power purchase agreements (10+ years). The credit can be carried over for up to five years if it exceeds annual tax liability, and for low-income taxpayers or those in disadvantaged communities, excess credit may be refunded starting in 2026.
This bill changes how New York property taxes are calculated for solar and wind energy systems. It requires tax assessors to include community benefit payments, decommissioning costs, and solar management expenses as deductible costs when valuing these systems. Crucially, it also specifies that federal tax credits and renewable energy credits (like those for clean energy production) must be treated as intangible assets - not counted as income - when determining a system's taxable value. This directly affects property owners with solar/wind installations and local assessors who calculate their taxes under the new rules. The law takes effect immediately upon passage.
S 2167 creates a New York State loan fund providing zero or low-interest loans and interest rate reductions to hospitals and apartment buildings (multiple dwellings) for energy efficiency upgrades. Eligible projects require an energy audit and must reduce energy costs, with at least 60% of funds going to properties in economically distressed areas. Loans cannot exceed $100,000 and cover improvements like energy-efficient lighting, HVAC systems, and renewable technologies (e.g., solar panels). The program aims to lower energy costs for these facilities statewide while requiring annual reports on funded projects and savings.
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.
