Arizona Incentives/Policies for Renewables & Efficiency |
 |
Last DSIRE Review: 07/05/2012
Program Overview:
| State: |
Arizona |
| Incentive Type: |
Property Tax Incentive |
| Eligible Renewable/Other Technologies: |
Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Other nonpetroleum renewable sources |
| Applicable Sectors: |
Utility, Other entities that generate, transmit or distribute -- but do not use -- eligible electricity |
| Amount: | Renewable-energy equipment assessed at 20% of its depreciated cost |
| Equipment Requirements: | Energy must not be used on-site |
| Expiration Date: | 12/31/2040 |
Authority 1:
Date Enacted:
Expiration Date:
|
A.R.S. ยง 42-14155
4/10/2000 (subsequently amended)
12/31/2040
|
Summary:
Renewable energy equipment owned by utilities and other entities operating in Arizona is assessed at 20% of its depreciated cost for the purpose of determining property tax. "Renewable energy equipment" is defined as "electric generation facilities, electric transmission, electric distribution, gas distribution or combination gas and electric transmission and distribution and transmission and distribution cooperative property that is located in this state, that is used or useful for the generation, storage, transmission or distribution of electric power, energy or fuel derived from solar, wind or other nonpetroleum renewable sources not intended for self-consumption, including materials and supplies and construction work in progress, but excluding licensed vehicles and property valued under sections 42-14154 and 42-14156."
Originally set to expire in 2011, the expiration date was extended through December 31, 2040 by House Bill 2614, passed in July of 2008.
|
Contact:
| |
Tax Assistance
Arizona Department of Revenue
1600 W. Monroe
Phoenix, AZ 85007-2650
Phone: (602) 255-3381
Phone 2: (800) 352-4090
Web Site: http://www.revenue.state.az.us/
|
|
|
|
 |
Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
|
