Title: Local Option Property Tax Exemption for Renewable Energy Systems Property Program
Program Details:
The Local Option Property Tax Exemption for Renewable Energy Systems Property Program offers tax exemption status for renewable energy systems for residential customers. The tax exemption is for the following renewable energy sources: Small Hydroelectric, Solar Water Heat, Photovoltaics, Biomass, Geothermal Electric, Wind, and Other Distributed Generation Technologies other than nuclear or fossil fuel. The legislation was enacted in 2010 to enable municipalities to exempt residents from property taxes (AS 29.45.050 and SB 220) who own such renewable energy systems. For more information visit the following websites:
http://www.dsireusa.org/documents/Incentives/AK16F.htm
http://www.legis.state.ak.us/PDF/26/Bills/SB0220Z.PDF
