The updated framework resolves the uncertainty caused by recent litigation over property tax assessments which threatened to increase prices
ALBANY, NY –
Today, Gov. Kathy Hochul signed
S.8012 / A.8332
into law, restoring clear and consistent tax rules for large solar and wind projects greater than 1MW in New York. The law provides the predictability needed to keep project costs down, support local tax revenues, and maintain progress toward the state’s climate and reliability goals.
“Predictable taxation lowers costs—plain and simple,” said
Kristina Persaud, New York Policy Lead at Advanced Energy United
. “When developers know what to expect, they can bid more competitively, and those savings go straight to families and businesses through lower energy bills. This law delivers stability for communities, for investors, and for the state’s clean energy future.”
