Arizona
Incentives/Policies for Renewables & Efficiency
|
 |
Last DSIRE Review: 07/07/2009
| Incentive Type: |
Property Tax Assessment |
| State: |
Arizona |
| 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 |
|
Authority 1:
|
A.R.S. § 42-14155
|
| Date Enacted: | 4/10/2000 (subsequently amended) |
| Expiration Date: | 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/
|
|
|
|
 |
Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
|
