New this year, you could get a tax break when installing solar energy equipment in a commercial building, the New York State Department of Taxation and Finance said today.
Beginning January 1, 2013, thanks to legislation and Governor Andrew M. Cuomo's support, the State's 4% sales tax won't be charged on the sale or installation of commercial solar energy systems equipment. The exemption also applies to the 3/8% sales tax imposed in the Metropolitan Commuter Transportation District.
The new law also allows cities and counties, including New York City, to provide a similar exemption from their local sales taxes.
"This measure builds on the existing solar exemption for homeowners to encourage businesses statewide to use clean, renewable resources," said Commissioner Thomas H. Mattox.