Is Solar Exempt from Taxation?
Monday, July 19, 2010 at 11:54AM When considering the value of a home for taxation purposes, should the county consider the 4.9kwh solar array on my roof in their valuation of the property? I live in Ohio.
Dear Matthew:
While we can not give you information about your specific tax status without learning more about your situation, we can say that generally speaking, increases in home value are typically accompanied by increases in property tax rates. However, most states have now enacted broad waivers that actually exempt renewable energy improvements from most property taxes.
In Ohio, exemptions to property tax exist if the solar improvements were competed during certain periods of time. So, if the solar improvement were installed between August 14, 1979 and December 31, 1985, then they would qualify for tax exempt status under O.R.C. § 5709.53.
Going forward, O.R.C. § 5727.75 exempts “qualified energy projects” that are constructed between January 1, 2009 and January 1, 2012. Under this section of the Code, a solar improvement of 250 kilowatts or less would be considered as a qualified energy project if it was completed during the required dates and meets the procedural requirements of that Section.
If you have any additional questions, or would like to speak sometime about your specific tax situation, please feel free to contact our green tax attorney anytime: tax@cleantechlawpartners.com
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