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"A society built on green design, sustainable energy and closed loop systems, a civilization afloat on a cloud of efficient, non-toxic, recyclable technology." ~~Alex Nikolai Steffan

5.18.2013

SOLAR ENERGY BILL IN FLORIDA


The Florida legislature recently passed House bill 277 which exempts the value of renewable energy devices from the assessed value of new and existing residential property. The bill awaits the governor’s signature to become law. 

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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