Geothermal in NY State Exempt from Sales Tax

Tuesday June 9, 2015, NY. Congratulations and thank you to assembly member Ellen Jaffee, the assembly leadership, Senator Robert Ortt, the Sierra Club and NY-GEO.

New York State has led the way in legislation to make installation of geothermal heat pumps (GHP's) accessible to more New Yorkers than ever. 

Earlier this year, New York legislators attended and spoke at the NY-Geo Conference @ Skidmore College, Saratoga Springs, NY.

Tuesday's assembly session passed A-5508 - a sales tax exemption bill for both residential and commercial geothermal heat pump installations.

Two priority bills favorable to geothermal heat pumps have passed both houses for this session stating that: 

“Geothermal energy, a renewable energy source, is a reliable and effective way to reduce the need for carbon based energy sources. By eliminating sales and use tax for both the purchase and installation of geothermal systems, more New York State residents would be able to afford this energy course. Similar laws exist to exempt sales and use tax for the purchase and installation of solar equipment.”

S2905/A2177a (25% residential tax credit up to $5,000) passed the Senate on Earth Day 4/22 and the Assembly on June 1st.

S4279/A5508 passed the Senate on Earth Day 4/22 and the Assembly on June 9th.

Jay Egg is a geothermal consultant, writer, and the owner of EggGeothermal. He has co-authored two textbooks on geothermal HVAC systems published by McGraw-HillProfessional. He can be reached at jayegg.geo@gmail.com