An Act To Provide a Property Tax Exemption for Renewable Energy Fixtures
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §656, sub-§1, ¶K is enacted to read:
K. Renewable energy fixtures installed on or after September 1, 2019 on real property for residential, commercial or industrial purposes for the generation of energy or displacement of a nonrenewable source of energy. To qualify for an exemption under this paragraph, the installation where the fixture is installed must have an intended full load output that does not exceed the load for the location where the fixture is installed. For the purposes of this paragraph, "renewable energy fixtures" means fixtures that:
(1) Are intended to produce energy from solar power, wind power, ocean thermal power, wave power, tidal power, fuel cells or methane gas from landfills;
(2) Enable low-emission advanced renewable energy conversion technologies;
(3) Are part of a run-of-the-river hydropower facility with a generating capacity of up to 5 megawatts; or
(4) Are part of a sustainable biomass facility with an average emission rate no greater than 0.075 pounds of nitrogen oxides per million British Thermal Units.
summary
This bill provides a property tax exemption for renewable energy fixtures installed on or after September 1, 2019.