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Property Tax Abatement for Installation of Solar Electric Generating System or Electric Energy Storage Equipment

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Rule status: Adopted

Agency: DOB

Effective date: June 6, 2024

Proposed Rule Full Text
Proposed-Rule-Amendment-of-Rules-Relating-to-Property-Tax-Abatement-for-Installation-of-Solar-Electric-Generating-System-or-Electric-Energy-Storage-Equipment.pdf

Adopted Rule Full Text
Final-Rule-Amendment-of-Rules-Relating-to-Property-Tax-Abatement-for-Installation-of-Solar-Electric-Generating-System-or-Electric-Energy-Storage-Equipment.pdf

Adopted rule summary:

Title 4-C of Article 4 of the New York State Real Property Tax Law allowed a property owner in a city of 1,000,000 or more people to receive a real property tax abatement for either the installation of a solar electric generating system, or for electric energy storage equipment on a Real Property Class 1, 2 or 4 building or site, but not both.

Chapter 485 of 2023 of the laws of the state of New York amended Title 4-C to add eligibility for a property to receive individual tax abatements both for the installation of a solar electric generating system and for the installation of electric energy storage equipment as of January 1, 2024. DOB has amended Section 105-02 of its rules to account for this change. DOB has also amended the end date for eligibility for a tax abatement provided in Section 105-02 of its rules to on or before January 1, 2036, as provided in Title 4-C by Chapter 485.

Comments are now closed.

Online comments: 3

  • Annie Troy

    Does this tax abatement apply to multi-family coop buildings?

    Comment added March 29, 2024 9:21am

  • Maya Roytlender

    Does this abatement apply to Mitchell Lama Affordable Housing Developments supervised by HPD?

    Comment added April 10, 2024 10:58pm

  • Noah Ginsburg

    Dear NYC Department of Buildings,

    Please see attached comments in support of the proposed Amendment of Rules Relating to Property Tax Abatement for Installation of Solar Electric Generating System or Electric Energy Storage Equipment. NYSEIA appreciates NYC’s clean energy leadership and believes these proposed rules reflect the recently enacted legislation. We also respectfully request that the DOB consider adding further clarification to the rules stating that parking canopies are eligible expenses, per the enacted legislation.

    Thank you,

    Noah Ginsburg
    Executive Director
    New York Solar Energy Industries Association

    Comment attachment
    NYSEIA_Comments_NYC-DOB-Rule-Making_Solar-Storage-PTA_A6113B-Enactment_04220224.pdf
    Comment added April 22, 2024 2:26am