New York S04126 establishes a 25-year period of probable usefulness for solar arrays and panels.
New York S04126 amends the local finance law to set a 25-year period of probable usefulness for the acquisition, construction, reconstruction, or addition to a solar array or solar panel system. This includes systems with or without buildings, land, rights in land, original furnishings, equipment, machinery, or apparatus, as well as the replacement of such equipment, machinery, or apparatus. The change applies immediately upon enactment.
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