Energy Conservation Improvements Property Tax Exemption (New York)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Energy Conservation Improvements Property Tax Exemption|
|Incentive Type||Property Tax Incentive|
|Eligible Technologies||Equipment Insulation, Water Heaters, Furnaces, Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Solar Water Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount||100% of the value added to the residence by the improvements|
|Program Administrator||New York State Office of Real Property Tax Services|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Qualifying energy-conservation improvements to homes are exempt from real property taxation to the extent that the addition would increase the value of the home. The exemption includes general municipal property taxes, school district taxes, and special ad valorem taxes, but does not apply to special assessments. Eligible properties include single-family to four-family dwellings. The exemption applies directly to a variety of equipment and measures, but the statute also states that any conservation-related state or federal tax credit or deduction is also exempt from New York's property tax under this statute. The state Tax Assessor's Manual also specifically identifies solar and wind energy systems as eligible for the exemption.
|Contact Name||Public Information Officer|
|Department||Office of Real Property Tax Services|
|Address||WA Harriman State Campus|
|Place||Albany, New York|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||NY CLS Real Property Tax Law §487-a|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.