Section 487 of the Real Property Tax Law provides for a real
property tax exemption for a solar or wind energy system or a farm
waste energy system in accordance with the provisions of § 487
to the extent of any increase in value of the real property due to
the improvement thereof by such systems.
The terms "solar energy system," "roof-mounted solar energy system," "small-scale ground-mounted solar energy system" and "large-scale ground-mounted solar energy system" shall have the same meanings respectively as set forth at Town Code §
250-46C.
An owner of real property upon which is constructed a solar energy system which has been approved in accordance with Town Code §
250-46 and complies with the provisions of Real Property Tax Law § 487 is entitled to the fifteen-year tax exemption provided by § 487(2) of the Real Property Tax Law.