Hodgson Russ SALT Dispatch

The energy-storage industry has seem a surge in the past few years—driven in part by the growth in renewable energy sources and production from those sources.  But while sales tax incentives in New York have boosted other sectors of the energy industry, the energy-storage industry is still on the outside looking in.  That could change, however, based on New York State legislation introduced in April that would provide a broad sales tax exemption for both commercial and residential energy-storage systems.