Clarifies property tax exemptions for solar and wind systems in Massachusetts.
The bill amends Massachusetts law to clarify property tax exemptions for solar and wind systems. It allows exemptions for systems capable of producing up to 125% of the annual electricity needs of the property, provided the owner pays a specified tax in lieu of property taxes. The Department of Revenue, in consultation with the Department of Energy Resources, must issue guidance on the valuation and assessment of solar and wind facilities. The bill also allows for longer exemptions if agreed upon by the owner and the municipality.
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