Increases the amount of residential solar tax credits in New York State.

New York S02626 amends the tax law to increase the amount of residential solar tax credits. The bill raises the credit limit to $13,000 for solar energy equipment placed in service between September 1, 2006, and January 1, 2026, and to $10,000 for equipment placed in service after January 1, 2026. The credit is applicable to the purchase, lease, or purchase of power from solar energy systems installed in residential properties within the state.

Increases the amount of residential solar tax credits in New York State.

New York S02626 amends the tax law to increase the amount of residential solar tax credits. The bill raises the credit limit to $13,000 for solar energy equipment placed in service between September 1, 2006, and January 1, 2026, and to $10,000 for equipment placed in service after January 1, 2026. The credit is applicable to the purchase, lease, or purchase of power from solar energy systems installed in residential properties within the state.