Funding Resources
Funding Resources
| AZ Energy Equipment Property Tax Exemption | |
|---|---|
| Type of Incentive | Tax |
| Eligible States | AZ |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | |
| Number of Awards | |
| Size of Award | For property tax assessment purposes, these devices are considered to add no value to the property. |
| Start Date | 7/10/2009 |
| End Date |
|
| Minimum Efficiency(%) |
|
| Additional Information | HB 2332, signed in July of 2009, expanded the exemption to include other renewable energy technologies, as well as combined heat and power systems, and energy efficient building components. The bill defines renewable energy equipment as "equipment that is used to produce energy primarily for on-site consumption from renewable resources, including wind, forest thinnings, agricultural waste, biogas, biomass, geothermal, and low-impact hydropower." Energy efficient building components are defined as "high performance building components installed so that the buildings or building components meet or exceed the energy efficiencies prescribed by the United States Environmental Protection Agency Energy Star Program, or by a Leadership in Energy and Environmental Design green building rating standard developed by the US Green Building Council, or an equivalent green building standard, or that are at least fifteen percent more efficient than the International Energy Conservation Code in effect at the time of building permit issuance." To qualify for the property tax exemption, the property owner must provide their county assessor with documentation affirming the actual purchase and installation, including costs, of the eligible equipment. This documentation must be submitted no less than six months before the notice of full cash value is issued for the initial valuation year. |
| Web Site |
http://www.dsireusa.org/incentives/ incentive.cfm?Incentive_Code=AZ20F¤tpageid=3&EE=1&RE=1 ![]() |
| Additional Web Site |
http://www.azleg.gov/legtext/49leg/1r/bills/hb2332s.pdf ![]() |
| Primary Contact |
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