What is the tax rebate for solar panels in NYC?

As a solar panel installer I have to admit that even Eco Brooklyn sometimes gets confused. The rebates expire, then get reinstated and expire again.

Here is the current tax rebate agreement. Check out the text in red. This is in effect until January 1st 2015.

 

http://assembly.state.ny.us/leg/?sh=printbill&bn=A10620&term=2011[2/7/2013 11:51:36 AM]
S T A T E O F N E W Y O R K
________________________________________________________________________
10620
I N A S S E M B L Y
June 8, 2012
___________
Introduced by COMMITTEE ON RULES — (at request of M. of A. Farrell) —
read once and referred to the Committee on Ways and Means
AN ACT to amend the real property tax law, in relation to a solar electric
generating system tax abatement for certain properties in a city
of one million or more persons
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY,
DO ENACT AS FOLLOWS:
1 Section 1. Subdivision 1 of section 499-bbbb of the real property tax
2 law, as added by chapter 473 of the laws of 2008, is amended to read as
3 follows:
4 1. The amount of such tax abatement shall be as follows:
5 (a) if the solar electric generating system is placed in service on or
6 after the effective date of this title and before January first, two
7 thousand eleven, for each year of the compliance period such tax abate-
8 ment shall be the lesser of (i) eight and three-fourths percent of
9 eligible solar electric generating system expenditures, (ii) the amount
10 of taxes payable in such tax year, or (iii) sixty-two thousand five
11 hundred dollars; or
12 (b) if the solar electric generating system is placed in service on or
13 after January first, two thousand eleven, and before January first, two
14 thousand thirteen, for each year of the compliance period such tax
15 abatement shall be the lesser of (i) five percent of eligible solar
16 electric generating system expenditures, (ii) the amount of taxes paya-
17 ble in such tax year, or (iii) sixty-two thousand five hundred dollars;
18 OR
19 (C) IF THE SOLAR ELECTRIC GENERATING SYSTEM IS PLACED IN SERVICE ON OR
20 AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN, AND BEFORE JANUARY FIRST,
21 TWO THOUSAND FIFTEEN, FOR EACH YEAR OF THE COMPLIANCE PERIOD SUCH TAX
22 ABATEMENT SHALL BE THE LESSER OF (I) TWO AND FIVE-TENTHS PERCENT OF
23 ELIGIBLE SOLAR ELECTRIC GENERATING SYSTEM EXPENDITURES, (II) THE AMOUNT
24 OF TAXES PAYABLE IN SUCH TAX YEAR, OR (III) SIXTY-TWO THOUSAND FIVE
25 HUNDRED DOLLARS.
EXPLANATION–Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16199-01-2
A. 10620 2
1 S 2. Subdivision 1 of section 499-cccc of the real property tax law,
2 as added by chapter 473 of the laws of 2008, is amended to read as
3 follows:
4 1. To obtain a tax abatement pursuant to this title, an applicant must
5 file an application for tax abatement, which may be filed on or after
6 January first, two thousand nine, and on or before March fifteenth, two
7 thousand [thirteen] FIFTEEN.
8 S 3. This act shall take effect immediately.