| Implementing Sector | Local |
|---|---|
| Category | Financial Incentive |
| State | New York |
| Incentive Type | Sales Tax Incentive |
| Start Date | 12/01/2005 |
| Cities | New York |
| Eligible Renewable/Other Technologies | Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics |
| Applicable Sectors | Residential |
| Incentive Amount | 100% local sales tax exemption |
In August 2005, New York City implemented Resolution 1121, which came into effect on December 1, 2005. This resolution provides a financial incentive aimed at encouraging the adoption of solar energy among residents. Specifically, it exempts all equipment and services related to residential solar energy systems from the city’s sales tax. This tax exemption applies to a variety of solar system components and installation services, making solar energy a more financially viable option for homeowners looking to reduce their energy costs and environmental footprint.
| Name | New York City Resolution #1121-2005 |
|---|---|
| Date Enacted | 08/17/2005 |
| Effective Date | 12/01/2005 |
