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Category Archives: Tax Incentives

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Solar Power Facilities & Sales Tax Exemptions in New York State

Posted in Renewable Energy, Tax Incentives

The New York State Department of Taxation and Finance recently published an advisory opinion that explains how a sales tax exemption applies to equipment and related services used in a solar power facility.  New York’s sales tax provides an exemption for “machinery or equipment used or consumed directly and predominantly in the production of …electricity…… Continue Reading

Energy Legislation Contained in New York’s Budget Proposal

Posted in Renewable Energy, Tax Incentives

Governor Cuomo released his 2013-2014 New York State Executive Budget proposal for the coming fiscal year. The budget proposal contains two items of interest for those in the clean energy industry. First, the proposed legislation creates an “electric vehicle recharging equipment” tax credit. Second, the budget proposal clarifies that natural gas in any form may… Continue Reading

Will The Production Tax Credit Get Thrown Off the Fiscal Cliff?

Posted in Renewable Energy, Tax Incentives

As a result of a bipartisan agreement last year to raise the debt ceiling and avoid national default, the country now faces billions in federal spending cuts and tax increases. The automatic cuts are referred to as “sequestration” and were designed to be draconian and unacceptable to either political party in order to make sequestration… Continue Reading

Lower Costs and State Incentives Making Solar Increasingly Affordable in Commercial and Residential Markets

Posted in Renewable Energy, Tax Incentives

For years, many commercial and residential property owners have viewed solar power as a poor financial decision due to the high costs of acquiring and installing solar panel units. However, as this recent article by Jim Witkin of The Guardian points out, the continuing decrease in cost for solar panels—estimated by the Solar Energy Industries… Continue Reading

The Obama Administration Steps Up Support for Solar Projects

Posted in Renewable Energy, Tax Incentives

On October 12, 2012, the Obama administration, through Secretary of the Interior Ken Salazar, finalized a program by signing a record of decision that will clear the way for utility-scale solar energy development on public lands in six western states. The details of this program are contained in a programmatic environmental impact statement (PEIS) for… Continue Reading

Local Property Tax Exemption Option for Green Construction Authorized in New York State

Posted in Green Building, Tax Incentives

On July 18, 2012, New York Governor Andrew Cuomo approved legislation creating Real Property Tax Law Section 470,authorizing local jurisdictions to provide property tax incentives for commercial and residential construction projects that meet “green building” certification standards. The Assembly and State Senate passed the bill unanimously. According to the Legislature, “New York has become proactive… Continue Reading