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The exemption not only applies to solar energy systems, but also exempts wind energy and energy derived from geothermal systems. Once signed into law, any increase in the value of residential property, for property tax purposes, can’t be attributed to the value of a newly installed renewable energy device. It applies to assessments beginning January 1, 2014, and would remove homeowners’ concerns that the installation of solar thermal or solar photovoltaic (PV) system will inadvertently increase their property taxes.
Read the entire article at the Clean Energy blog.
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