QUESTION
How does the New York City plan to maximize solar tax credits for public buildings?
0:59:02
·
49 sec
New York City plans to apply for a federal grant under the Inflation Reduction Act to maximize solar tax credits for public buildings.
- The tax credits become available to municipalities for solar installations on public buildings for the first time.
- The Deputy Commissioner mentions taking advantage of the federal grant to apply for the tax credit mentioned in Intro 353.
- The tax credit is expected to come online at the end of March, at which point the application process will begin.
- This initiative is part of New York City's efforts to promote renewable energy and sustainability.
Sandy Nurse
0:59:02
I have one question about intro 353.
0:59:07
How does Decast and MOCEJ plan to maximize solar tax credits?
0:59:13
Now for the first time available to municipalities for solar installations on public buildings.
Sanna Barakat
0:59:29
As I mentioned earlier, we are taking advantage of the federal grant through the inflation reduction act.
0:59:37
We are going to apply for the grant for the tax credit that you mentioned.
0:59:42
I believe it comes online or it becomes available to us at the end of March.
0:59:46
So that's when we would be applying for it.
Sandy Nurse
0:59:50
Okay.
0:59:50
Thank you.