![]() Bills are mailed: Semi-annually (2 times a year). Payment is due on: July 1, October 1, January 1 and April 1. Bills are mailed: Quarterly (4 times a year). The maximum abatement is $62,500 per year for 4 years or the building's annual tax liability (whichever is less).Ĭontact the Department of Buildings for more information. If your property’s Assessed Value is: 250,000 or less. The Solar Electric Generating Systems Tax Abatement program provides a four-year tax abatement of 5% of eligible expenditures. If your STAR check hasnt shown up and your due date to pay your school property taxes has passed, contact the Department of Taxation and Finance through your Online Services Account or by calling. In general, homeowners whose adjusted gross income is less than 250,000 annually (with certain restrictions on losses claimed) and pay more than 6 of their income toward property taxes qualify for the new credit. The solar electric generating systems tax abatement is aligned with the City's long-term sustainability plan, PlaNYC, and provides an incentive for building owners to install cleaner, more reliable power and reduce greenhouse gas emissions.įor the purposes of tax abatement, a solar electric generating system is a system that uses solar energy to generate electricity, but does not include any equipment connected to a solar electric generating system that is a component of a non-solar electric generating system or that uses any sort of recreational facility or equipment as storage. ![]() ![]() The Solar Electric Generating Systems Tax Abatement provides a four-year tax abatement for the construction of a solar electric generating system in connection with residential and commercial buildings in New York City. Are you a full- or part-year New York City resident New York State offers several New York City income tax credits that can reduce the amount of New York City income tax you owe Review NYC Credits. ![]()
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