31 Jul '13, 4pm

Property Taxes Could Be the Next Obstacle for PV

Property Taxes Could Be the Next Obstacle for PV

Property taxes can be an ongoing cost for PV system owners and a determining factor in whether a solar system gets installed. “That makes planning for the property tax burden challenging in perhaps 25 percent to 50 percent of situations and it is especially hard in cases where there are novel applications like third-party ownership,” explained Justin Barnes, a Keyes, Fox & Wiedman Senior Policy Analyst and the lead author of the DOE Solar Outreach Partnership’s report Property Taxes and Solar PV Systems: Policies, Practices, and Issues . Where there is no specific policy in place, the system is likely to be assessed according to whatever the local standard practice is. “Assessments get made on a case-by-case basis,” Barnes said. “In Connecticut , for instance, residential systems are exempt, and sometimes assessors choose to include commercial and industrial systems, and s...

Full article: http://www.greentechmedia.com/articles/read/property-taxe...

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via @greentechmedia

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