Funding Resources
Funding Resources
| Connecticut Property Tax Exemption | |
|---|---|
| Type of Incentive | Tax |
| Eligible States | CT |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | Biogas, Biomass, Hydrogen |
| Eligible Project Size |
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| Number of Awards |
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| Size of Award | Connecticut has revised their regulations related to renewable property tax exemptions with the passage of HB 7432 in 2007. Now Class I renewable energy source and hydropower facilities installed for the generation of electricity for private residential use, defined as use for a single family dwelling or multifamily dwelling consisting of 2-4 units, will receive a property tax exemption if the facility is built on or after October 1, 2007. Also, any solar water or pace heating system or geothermal energy resource is also exempt from property taxes, regardless of the building type – nonresidential buildings qualify. Prior to HB 7432, there are a statute that authorized municipalities, but did not require them to offer a property tax exemption for certain renewable energy systems including CHP installed between July 1, 1981 and October 1, 2006. |
| Start Date | 8/1/2007 |
| End Date |
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| Minimum Efficiency(%) |
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| Additional Information | The following types of fuels/technologies are considered to be eligible Class I resources - solar heating, photovoltaics, landfill gas, wind, biomass, hydroelectric, fuel cells, geothermal heat pumps, tidal energy, wave energy, ocean thermal and basically any electrical generation, including distributed generation, coming from a Class I energy source. HB 7432, which can be accessed from the link listed below, provides further details about eligible resources. A property tax exemption claim must be filed with the assessor or board of assessors in the town in which the property is placed on or before the first day of November in the appropriate assessment year. Applications are not required in subsequent years unless a major change is made to a renewable energy system. Interested applicants are advised to contact their local tax assessor’s office for details on the program. * There is no listed expiration dates for this tax exemption. |
| Web Site | http://www.cga.ct.gov/2007/AMD/H/2007HB-07432-R00HA-AMD.htm ![]() |
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