On January 29, 2025, NYSEIA, with a coalition of supporters, issued this memorandum of support to expand the Solar Energy System Equipment Tax Credit.

This proposal would advance equity, resilience and affordability by:

• Making the solar tax credit refundable for low-to-moderate income households and those who live in Disadvantaged Communities

• Removing an arbitrary system size cap for residents living in co-ops and condominiums

• Including energy storage as eligible equipment

• Increasing the maximum tax credit amount to $10,000 to adjust for inflation (first cap increase since 2006) and energy storage costs while maintaining the 25% system cost limit

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