New York enacts tax rules for large solar and wind

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.

• Main action: Gov. Kathy Hochul signed S.8012 / A.8332 into law to restore predictable property tax assessment rules for utility-scale renewable projects greater than 1MW, aiming to reduce uncertainty in the current NYSERDA large-scale renewables solicitation and help keep project costs down.
• Background and details: The law responds to recent litigation over property tax assessments that threatened to increase prices; the article (posted Dec 3, 2025) quotes Kristina Persaud, New York Policy Lead at Advanced Energy United, emphasizing predictability, competitive bids, and support for local tax revenues; no specific implementation timeline or monetary values are provided in the text.