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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-255
for the current year.
Form IT-255 Claim for Solar Energy System Equipment Credit - New York
What Is Form IT-255?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form IT-255?
A: Form IT-255 is a tax form used to claim the Solar Energy System Equipment Credit in New York.
Q: What is the Solar Energy System Equipment Credit?
A: The Solar Energy System Equipment Credit is a tax credit available to individuals and businesses in New York who install qualifying solar energy systems.
Q: Who is eligible to claim the Solar Energy System Equipment Credit?
A: Individuals and businesses in New York who install qualifying solar energy systems are eligible to claim this credit.
Q: What type of solar energy systems qualify for the credit?
A: Qualified solar energy systems include solar electric systems and solar thermal systems.
Q: How much is the credit?
A: The credit is equal to 25% of the eligible expenditures made to install the solar energy system, up to a maximum credit of $5,000 per system.
Q: How do I claim the credit?
A: To claim the credit, you need to complete and file Form IT-255 with your New York State income tax return.
Q: Are there any limitations or restrictions on the credit?
A: Yes, there are certain limitations and restrictions, such as a cap on the total amount of credits that can be claimed in a single year and a requirement to reduce other allowable credits before claiming this credit.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-255 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
