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Nevada

Nevada

Incentives/Policies for Energy Efficiency

Printable Version
Property Tax Abatement for Green Buildings   

Last DSIRE Review: 07/17/2013
Program Overview:
State: Nevada
Incentive Type: Property Tax Incentive
Eligible Efficiency Technologies: Comprehensive Measures/Whole Building
Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Electric, Daylighting, Anaerobic Digestion, Small Hydroelectric
Applicable Sectors: Commercial, Industrial, Multi-Family Residential
Amount:New Buildings
LEED Silver: 25% reduction of the property tax payable each year
LEED Gold: 30% reduction of the property tax payable each year
LEED Platinum: 35% reduction of the property tax payable each year
Renovations to existing buildings used by a manufacturer
LEED-EB Silver: 25% reduction of the property tax payable each year
LEED-EB Gold: 30% reduction of the property tax payable each year
LEED-EB Platinum: 35% reduction of the property tax payable each year
Maximum Incentive:New Buildings: Duration of abatement no longer than 10 years
Existing Buildings: $100,000 per year
Duration of abatement no longer than 5 years
Equipment Requirements:New buildings must earn either Silver, Gold or Platinum certification under the LEED Green Building
LEED Silver: at least 5 points for energy conservation
LEED Gold: at least 7 points for energy conservation
LEED Platinum: at least 11 points for energy conservation
Existing buildings must earn Silver certification or higher under LEED-EB
Start Date:12/4/2007
Web Site: http://energy.nv.gov/Programs/Green_Building_(LEED)_Tax_Abatement...
Authority 1:
Date Enacted:
NRS § 701A.100, et seq.
6/17/2005, subsequently amended
Authority 2:
Date Enacted:
Date Effective:
NAC § 701A.010, et seq.
12/4/2007
12/4/2007
Summary:

Nevada provides a property tax abatement for new non-residential and multifamily residential green buildings, and existing buildings or structures which are renovated for use by a manufacturer to meet certain green building standards.

Property tax abatement for new non-residential and multifamily residential green buildings

Non-residential buildings and multifamily residential buildings that earn certification under the United States Green Building Council's Leadership in Energy and Environmental Design (LEED) program may be eligible for a partial abatement of property taxes. As directed by the statutes, the Director of the Office of Energy, through Adopted Regulation R116-07, selected the LEED rating system, but with specific requirements for energy conservation. To qualify for the tax abatement, new buildings must earn a minimum number of points for energy conservation through the LEED rating system. Buildings certified to the Silver Level must have at least 5 points for energy conservation; those at the Gold Level must have 7 points; and those at the Platinum Level must have 11 points. The duration of the abatement is based on the number of LEED points the building receives, up to a maximum of 10 years. 

Once a project has its letter of verification from the Director of the Office of Energy, indicating that the building has earned a Silver or higher certificate, the Department of Taxation, the County Assessor, the County Treasurer, and the Commission on Economic Development will be notified. As provided for in AB 239 of 2013, the Director of the Office of Energy can charge an application fee not to exceed the actual cost of evaluating the project and processing the application. The Office of Energy has set the application fee at $1,750. The property tax abatement cannot be applied to any taxes imposed for public education, or any buildings that receive funding from any governmental entity in Nevada for the acquisition, design or construction of the building.

Property tax abatement for existing buildings or structures which are renovated for use by a manufacturer

Assembly Bill 202 of 2011 created a partial abatement for existing buildings or structures which are renovated for use by a manufacturer to meet the requirements of a green building program to be determined by the Office of Energy. The Office of Energy approved regulations which established LEED for existing buildings (LEED-EB) as the appropriate standard to use. In addition to meeting other requirements specified in the regulations, the new manufacturing business must employ at least 25 full-time employees during the entire period for which the applicant will receive the abatement. The employees, other than management and administrative employees, must earn an hourly wage that is at least equal to the lesser of 100% of the average statewide hourly wage, or 100% of the average hourly countywide hourly wage. 

Building renovations must earn at least the silver level of LEED-EB to qualify for an abatement. All abatements will last for a period of no more than five years, and cannot be applied to any taxes imposed for public education. The abatement amounts depend on the level of LEED-EB earned by the renovated building:

  • LEED-EB Silver: 25% abatement
  • LEED-EB Gold: 30% abatement
  • LEED-EB Platinum: 35% abatement

 


 
Contact:
  Kevin Hill
Nevada Governor's Office of Energy
755 North Roop Street, Suite 202
Carson City, NV 89701
Phone: (775) 687-1850 Ext.7357
Fax: (775) 687-1869
E-Mail: kjhill@energy.nv.gov
 
  Public Information
Nevada Department of Taxation
Division of Assessment Standards
1550 College Parkway Suite 115
Carson City, NV 89706
Phone: (775) 684-2100
Fax: (775) 684-2020
Web Site: http://tax.state.nv.us/DOAS_MAIN.htm
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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.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.