Renewable energy systems which serve a commercial or industrial building or irrigation system are exempt from property taxes. Qualified equipment includes solar, wind, geothermal, solid waste and hydroelectric systems used to heat or cool a building, heat or cool water used by a building, or generate electricity used by the building. S.B. 426 of 2011 clarified that a system installed on one or more buildings and supplying energy to adjacent buildings or an irrigation system in an agricultural operation is eligible for the exemption. This exemption applies for all years following installation.
The renewable energy property tax exemption cannot be claimed if another state tax abatement or exemption is claimed by the same building.
| Name: | NRS § 701A.200 |
| Date Enacted: | 1975 |
| Effective Date: | 7/1/1983 |
| Name: | NAC § 361.052 |
| Name: | Information Specialist - Dept. of Taxation |
| Organization: | NV Department of Taxation |
| Address: |
1550 E. College Parkway, Suite 115 Carson City NV 89706 |
| Phone: | (775) 684-2000 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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