Renewable Energy Property Tax Exemption
| Program Type | Property Tax Incentive |
|---|---|
| Technologies |
Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Wind, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps, Solar Pool Heating, Geothermal Direct-Use |
| Amount | 100 percent |
| Required Documentation | Form 18865 filed with local county auditor |
| Official Web Site | http://www.in.gov/dlgf/2440.htm |
The Indiana state government has made great strides in offering excellent incentives for property owners to cash in on green technologies within certain guidelines. For residents to become 100 percent exempt from property taxes by way of installing renewable energy systems to their home or mobile home, they must generate what the county auditor and/or assessor deem adequate to cash in on the exemption.
There is no specific requirement as to how much energy in kilowatt hours must be produced or stored, but the county auditor and/or assessor will determine if the system is up to code and of adequate efficiency.
Proof of out-of-pocket costs for materials and installation of the system will also be covered by way of tax deductions.
To claim these costs, all the property owner needs to do is provide invoices or other means of documentation for the out of pocket expenses involved in the cost of materials and installation.
