Energy Conservation Improvements Property Tax Exemption (New York)

Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place	New York
Name	Energy Conservation Improvements Property Tax Exemption
Incentive Type	Property Tax Incentive
Applicable Sector	Residential
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
Active Incentive	Yes
Implementing Sector	State/Territory
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
Website	http://www.tax.ny.gov/research/property/assess/manuals/vol4/pt1/sec4_01/sec487_a.htm
References	DSIREDatabase of State Incentives for Renewables and Efficiency

Summary

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.

Incentive Contact

Contact Name	Public Information Officer
Department	Office of Real Property Tax Services
Address	WA Harriman State Campus
Place	Albany, New York
Zip/Postal Code	12227
Phone	(518) 591-5232
Email	orpts.mail@tax.ny.gov
Website	http://www.tax.ny.gov/about/orpts/regions.htm

Authorities (Please contact the if there are any file problems.)

Authority 1:	NY CLS Real Property Tax Law §487-a
Date Enacted	1977

• Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.