Combined Heat and Power Partnership
Energy Equipment Property Tax Exemption
| Date Last Updated | 11/16/2012 |
| Incentive Type | Tax |
| State/Federal | AZ |
| Incentive Administrator/Contact Office | Arizona Department of Revenue |
| Incentive Initiation Date | 7/10/2009 |
| Incentive Size and Funding Source | Incentive includes 100% of increased value. Tax is based on Arizona's property tax exemption HB 2332 signed in July of 2009. |
| Eligible Recipient | Commercial, industrial or residential property owners. |
| Eligible Fuel | Does Not Specify |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | Exemption includes other renewable energy technologies, as well as CHP 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." 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 6 months before the notice of full cash value is issued for the initial valuation year. |
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