Energy Conservation Improvements Property Tax Exemption

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Eligibility: 
Residential
Savings Category: 
Solar Water Heat
Solar Photovoltaics
Wind (All)
Biomass
Geothermal Heat Pumps
Equipment Insulation
Water Heaters
Furnaces
Boilers
Heat Pumps
Air conditioners
Programmable Thermostats
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Doors
Wind (Small)
Program Info
Sector Name: 
State
Administrator: 
New York State Office of Real Property Tax Services
State: 
New York
Program Type: 
Property Tax Incentive
Rebate Amount: 

100% of the value added to the residence by the improvements

Summary: 

NOTE: AB 260 enacted in October 2017 amends the property tax exemption adding micro-hydro, fuel cell, micro combined heat and power, and electric energy storage system and storage equipment to be eligible for tax exemption for any increase in the value through the addition of these systems for period of fifteen years. 

Qualifying energy-conservation improvements to homes are exempt from real property taxation to the extent that the addition would increase the value of the home. The exemption includes general municipal property taxes, school district taxes, and special ad valorem taxes, but does not apply to special assessments. Eligible properties include single-family to four-family dwellings. The exemption applies directly to a variety of equipment and measures, but the statute also states that any conservation-related state or federal tax credit or deduction is also exempt from New York's property tax under this statute. The state Tax Assessor's Manual also specifically identifies solar and wind energy systems as eligible for the exemption.