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The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are! The U.S. Department of Energy and the North Carolina Solar Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in the summer of 2014. Staff are currently working hard on the new DSIRE and are unfortunately only able to make minimal updates to the DSIRE website at this time. We apologize for any inconvenience and thank you for using DSIRE.

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Tennessee

Tennessee

Incentives/Policies for Renewables & Efficiency

Printable Version
Green Energy Property Tax Assessment   

Last DSIRE Review: 08/12/2014
Program Overview:
State: Tennessee
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Photovoltaics, Wind, Geothermal Electric, Hydrogen
Applicable Sectors: Commercial, Industrial, Residential, Utility, Municipal Utility, Investor-Owned Utility, Rural Electric Cooperative, Agricultural
Amount:2/3 of property assessed value is not taxed
Equipment Requirements:Must be certified green energy production facility
Start Date:06/30/10
Authority 1:
Date Enacted:
Date Effective:
SB 1000
04/29/2013
04/29/2013
Authority 2:
Date Effective:
Tenn. Code ยง 67-5-601 et seq.
06/30/2010
Summary:

Tennessee offers a special ad valorem property tax assessment for certified green energy production facilities. SB 1000 stipulates that all certified green energy production facilities (as defined in Tenn. Code § 67-4-2007) property assessed value may not exceed 1/3 of total installed costs.

TDEC defines and certifies facilities based upon production of electricity for use and consumption off the premises using clean energy technology, which is defined as technology used to generate energy from geothermal, hydrogen, solar, and wind sources. The effective date of the property valuation provided is January 1st of the year for which the valuation is claimed. A copy of the facility certification must be provied by the property owner to the comptroller's office by March 1st of the same year. The comptroller must advise the assessor of the locations of any certified green energy property and must advise the assessor as to whether the property should be assessed locally or centrally.


 
Contact:
  Taxpayer Assistance
Office of State Assessessed Property
505 Deaderick St Suite 1700
Nashville, TN 37243-1402
Phone: (615) 741-0140
E-Mail: osap.osap@cot.tn.gov
Web Site:
NCSU - home
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.