The exemption applies to any property tax that would be due on the installed solar, wind, or geothermal energy device. Any owner of locally assessed real property who installs a solar, wind, or geothermal energy device.
The exemption is allowed for five years following the date the device is installed. Property exempted includes installations, machinery, and equipment of systems in new or existing buildings or structures. It must be designed to provide heating or cooling or to produce electrical or mechanical power, or any combination of these, or to store any of these, by utilization of solar, wind or geothermal energy.
If the solar, wind or geothermal energy device is part of a system which uses other means of energy, only that portion of the total system directly attributable to the solar, wind or geothermal energy device is exempt. Property owners wishing to apply for this exemption should contact their local assessor or their county director of tax equalization.