#exemptionform

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New York News: Keep Your Solar Installations Tax-Free

It has been brought to the attention of the G.E.T. staff that some NY communities are starting to tax solar installations.  This will have the effect of discouraging solar installations and even can discourage people from moving to such an area or new businesses from moving to an area.  You can submit NY Exemption Form RP 487 to get grandfathered into the tax exemption of your solar installation.

Real Property Tax Exemption

Form RP 487 from NYS Department of Taxation and Finance:

This is filed with the local property assessor. Some municipalities and School Districts have opted out and will include the value of the solar in your property tax assessment without the exemption. For a list by county of communities and school districts that have opted out go to:

http://www.tax.ny.gov/research/property/legal/localop/487opt.htm

New York News: Keep Your Solar Installations Tax-Free posted first on Green Energy Times