New York S 1385: Relates to increasing solar energy tax credits, implementing a solar STAR credit, and amends provisions relating to the siting of major renewable energy facilities

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S01385 Summary:

BILL NOS01385 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORCANZONERI-FITZPATRICK

&nbsp

COSPNSRRHOADS

&nbsp

MLTSPNSR

&nbsp

Amd §606, Tax L; add §425-b, RPT L; amd §§140, 141, 142, 144 & 146, Pub Serv L

&nbsp

Increases solar energy tax credits; implements a solar STAR credit; amends provisions relating to the role of municipalities in siting of major renewable energy facilities.

Go to top S01385 Actions:

BILL NOS01385 

&nbsp

01/09/2025REFERRED TO BUDGET AND REVENUE

03/18/2025NOTICE OF COMMITTEE CONSIDERATION - REQUESTED

05/28/2025REPORTED AND COMMITTED TO ENERGY AND TELECOMMUNICATIONS

01/07/2026REFERRED TO BUDGET AND REVENUE

03/18/2026NOTICE OF COMMITTEE CONSIDERATION - REQUESTED

Go to topS01385 Committee&nbspVotes:

Go to topS01385 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS01385 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1385

 2025-2026 Regular Sessions

 IN SENATE

 January 9, 2025
 ___________

 Introduced by Sen. CANZONERI-FITZPATRICK -- read twice and ordered
 printed, and when printed to be committed to the Committee on Budget
 and Revenue

 AN ACT to amend the tax law, in relation to the solar energy system
 equipment credit; to amend the real property tax law, in relation to a
 solar STAR credit; and to amend the public service law, in relation to
 siting major renewable energy facilities

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subsection (g-1) of section 606 of the tax law, as amended
 2 by chapter 378 of the laws of 2005, paragraphs 1 and 2 as amended by
 3 chapter 375 of the laws of 2012, paragraph 3 as amended, paragraph 5 as
 4 added, and paragraphs 6, 7 and 8 as renumbered by chapter 128 of the
 5 laws of 2007, is amended to read as follows:
 6 (g-1) Solar energy system equipment credit. (1) General. An individual
 7 taxpayer shall be allowed a credit against the tax imposed by this arti-
 8 cle equal to [twenty-five] forty percent of qualified solar energy
 9 system equipment expenditures, except as provided in subparagraph (D) of
 10 paragraph two of this subsection. This credit shall not exceed three
 11 thousand seven hundred fifty dollars for qualified solar energy equip-
 12 ment placed in service before September first, two thousand six, [and]
 13 five thousand dollars for qualified solar energy equipment placed in
 14 service on or after September first, two thousand six and before January
 15 first, two thousand twenty-six, and ten thousand dollars for qualified
 16 solar energy equipment placed in service on or after January first, two
 17 thousand twenty-six.
 18 (2) Qualified solar energy system equipment expenditures. (A) The term
 19 "qualified solar energy system equipment expenditures" means expendi-
 20 tures for:
 21 (i) the purchase of solar energy system equipment which is installed
 22 in connection with residential property which is (I) located in this

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01366-01-5

 S. 1385 2

 1 state and (II) which is used by the taxpayer as [his or her] their prin-
 2 cipal residence at the time the solar energy system equipment is placed
 3 in service;
 4 (ii) the lease of solar energy system equipment under a written agree-
 5 ment that spans at least ten years where such equipment owned by a
 6 person other than the taxpayer is installed in connection with residen-
 7 tial property which is (I) located in this state and (II) which is used
 8 by the taxpayer as [his or her] their principal residence at the time
 9 the solar energy system equipment is placed in service; or
 10 (iii) the purchase of power under a written agreement that spans at
 11 least ten years whereunder the power purchased is generated by solar
 12 energy system equipment owned by a person other than the taxpayer which
 13 is installed in connection with residential property which is (I)
 14 located in this state and (II) which is used by the taxpayer as [his or
 15 her] their principal residence at the time the solar energy system
 16 equipment is placed in service.
 17 (B) Such qualified expenditures shall include expenditures for m