Residential Solar Energy Property Tax Reduction

solar-rebates-and-incentives

Program Residential Solar Energy Property Tax Reduction
Category Financial Incentive
Implementing sector State
Last Update
State Rhode Island
Administrator Rhode Island Office of Energy Resources
Website
Budget -
Start Date
Technologies Solar Water Heat, Solar Space Heat, Solar Photovoltaics
Sectors Residential

NOTE: H.B. 8354 enacted on July 2016 included provision that exempted qualifying renewable energy equipment used in residential and manufacturing sector to be exempt from property taxes throughout the state, thereby superseding the reduction in solar energy property tax assessment provision. Renewable energy equipment used in commercial facilities are not included in the exemption.

Rhode Island law provides that for purposes of local municipal property tax assessment, certain residential solar-energy systems may not be assessed at more than the value of a conventional heating system, a conventional water-heating system, or energy production capacity that otherwise could be necessary to install in a building. Qualifying systems include photovoltaic (PV) systems, solar hot-water systems and active solar space-heating systems. Equipment must be new. (Passive solar systems, and systems installed on boats or vehicles do not qualify.)

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