Instructions for Form RP-487 Application for Tax Exemption From Solar, Wind, or Certain Other Energy Systems - New York

Form RP-487 Application for Tax Exemption of Solar, Wind, or Certain Other Energy Systems - New York

This document contains official instructions for Form RP-487 , Application for Tax Exemption From Solar, Wind, or Certain Other Energy Systems - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form RP-487 is available for download through this link.

FAQ

Q: What is Form RP-487?
A: Form RP-487 is an application for tax exemption from solar, wind, or certain other energy systems in New York.

Q: Who can apply for tax exemption using Form RP-487?
A: Any individual or entity in New York who is installing or has installed a qualifying energy system can apply for tax exemption using Form RP-487.

Q: What types of energy systems are eligible for tax exemption?
A: Solar, wind, or certain other energy systems that meet the eligibility criteria set by the state of New York are eligible for tax exemption.

Q: What information is required on Form RP-487?
A: Form RP-487 requires information about the applicant, details of the energy system, and any relevant documentation supporting the application.

Q: Is there a deadline for submitting Form RP-487?
A: There is no specific deadline mentioned for submitting Form RP-487. However, it is recommended to submit the application as soon as possible.

Q: Are there any fees for filing Form RP-487?
A: There are no filing fees associated with submitting Form RP-487 for tax exemption.

Q: How long does it take to process the application?
A: The processing time for the application may vary. It is recommended to check with the New York State Department of Taxation and Finance for updates on processing times.

Q: What should I do if my application is approved?
A: If your application is approved, you may be eligible for tax exemption on your qualifying energy system. It is advisable to consult with a tax professional for further guidance.