New York

Information provided the Database of State Incentives for Renewables and Efficiency (DSIRE)

See the New York State Energy Efficiency Clearinghouse for Institutional Customers for more Information

Summary: In 2000, New York enacted the Green Building Tax Credit for business and personal income taxpayers, extending it in 2005 after the initial period expired.  The incentive applies to owners and tenants of eligible buildings and tenant spaces which meet certain "green" standards and can be applied against corporate taxes, personal income, insurance corporation taxes and banking corporation taxes.  The original law provided for $25 million in credit certificates; the 2005 legislation added another $25 million. 

Statute §487-a, the Energy Conservation Improvements Property Tax Exemption, allows for an exemption from taxation of conservation improvements to residential properties of single-family to four-family households.  "Conservation improvements" relates to various equipment and measures, but the statute also states that any conservation-related state or federal tax credit or deduction is exempt from New York's property tax under this statute.

Links:

• For more information on New York's incentives, please visit DSIRE.
• Click on the following to peruse the text of Article 1, § 19.
• Click on the following to peruse the text of Statute §487-a.
• For more information on the Green Building Tax Credit, please visit the New York State Department of Environmental Conservation.
• For more information on the Energy Conservation Improvements Property Tax Exemption, please visit New York's Office of Real Properties.

Contact:

For the Green Building Tax Credit
New York Department of Environmental Conservation
Pollution Prevention Program (Green Buildings Manager)
Phone: (518) 402-9469
Email: depprmt@gw.dec.state.ny.us

For Energy Conservation Improvements Property Tax Exemption
New York Office of Real Properties
James F. Dunne
Phone: (518) 473-4532
Email: jim.dunne@oprs.state.ny.us

Summary: New York State Energy Research and Development Authority (NYSERDA) offers numerous rebates to promote energy efficiency, which are funded by a system benefits charge on utility rates. Click on the links to DSIRE below for more detailed information.

• NYSERDA - Energy $mart Multifamily Performance Program
• NYSERDA - Energy $mart New Construction Program
• NYSERDA - Existing Facilities Program
• NYSERDA - Industrial and Process Efficiency Performance Incentives

Summary: NYSERDA offers grants to promote energy efficiency, which are funded by a system benefits charge. Click on the links to DSIRE below for more detailed information.

• NYSERDA - Assisted Home Performance Grants
• NYSERDA - EmPower New York

Summary: NYSERDA runs a number of loan programs to promote energy efficiency that are funded by a system benefits charge. Recently passed legislation establishes the Green Jobs/Green NY program, which will use proceeds from the Regional Greenhous Gas Initiative to fund a revolving loan program. The loans will help residences and business employ energy efficiency technologies and save up to 40% on energy usage. NYSERDA will administer the program and provide up to $13,000 per residential customer to retrofit a home, and up to $26,000 to retrofit each qualifying business, and also conduct energy audits, program administration and a credit enhancement for critical private sector capital investments.The program will provide workforce training programs in partnership with the Department of Labor. Click on the links below for more detailed information.

• New York Senate: Green Jobs/Green New York Bill
• NYSERDA - Energy $mart Loan Fund
• NYSERDA - Home Performance with Energy Star Loan Program

Last Updated 10/08/2009

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