Renewable Energy Systems Property Tax Exemption

Last updated: August 28, 2018

Program Overview

Implementing Sector:State
Category:Financial Incentive
State:Nevada
Incentive Type:Property Tax Incentive
Administrator:NV Department of Taxation
Start Date:07/01/1983
Eligible Renewable/Other Technologies:Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Hydroelectric, Geothermal Heat Pumps, Municipal Solid Waste, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use

Authorities

Name:NRS § 701A.200
Date Enacted:1975
Effective Date:7/1/1983
Name:NAC § 361.052

Summary

Renewable energy systems which serve a commercial or industrial building or irrigation system are exempt from property taxes. Qualified equipment includes solar, wind, geothermal, solid waste and hydroelectric systems used to heat or cool a building, heat or cool water used by a building, or generate electricity used by the building. SB 426 of 2011 clarified that a system installed on one or more buildings and supplying energy to adjacent buildings or an irrigation system in an agricultural operation is eligible for the exemption.  This exemption applies for all years following installation.

The renewable energy property tax exemption cannot be claimed if another state tax abatement or exemption is claimed by the same building.

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