Tax Exemption for Solar Systems

by Travis 18. December 2008 07:51
According to Section 73 of the California Tax and Revenue Code (can be viewed here: Section 73), for industrial, commercial, and residential areas, the tax exemption amount of Solar Systems is equal to 100% of the value of the system. You need to act fairly quickly to get that Solar System installed because this section and benefit will be repealed on January 1st of 2010. To get a little more specific, so that you do not experience any surprises when you install you system, components such as storage devices, power conditioning equipment, transfer equipment, and parts all fall under the 100% exemption. Other components, such as pipes and ducts that are used to carry solar energy and energy produced from other sources, only fall under 75% exemption. Similarly, dual-usage items for solar-electric systems only falls under 75% exemption as well. Contact your County Assessor's office for additional information.

Tags:  General Plumbing & Water | Green in Your Community | Heating & Air Conditioning | Indoor & Renovation | Lighting & Electricity

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