WARNING TO NY SOLAR USERS:
CHECK YOUR SOLAR TAX STATUS
It has come to our attention that some town boards in New York State have voted to eliminate the tax exemption from RP 487, or may not have submitted your form RP 487 to the state authorities.
This could have the effect of discouraging solar installations and can also discourage people and businesses from moving to such an area.
If you currently have a solar energy system, call to make sure your town isn’t about to change their law. You can submit a NY Tax Exemption Form RP 487 to get grandfathered into the tax exemption of your system. Form RP 487 is filed with the local property assessor.
If you are about to buy a solar energy system, call your tax assessor to check the solar tax status.
Opting out is another option. Some municipalities and school districts have opted out and will include the value of the solar in their property tax assessment without the exemption. For a list by county of communities and school districts that have opted out go to http://bit.ly/NY-opted-out-list.
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