Exempts homeowners from tax increases for certain renewable energy systems.

This bill amends the real property tax law to exempt homeowners from tax increases for specific renewable energy systems. It applies to solar, wind, farm waste, micro-hydroelectric, fuel cell, micro-combined heat and power, electric energy storage, and fuel-flexible linear generator systems. The exemption covers systems constructed before July 1, 1988, and between January 1, 1991, and January 1, 2030, with a generation capacity of up to 20 kilowatts and storage capacity of up to 30 kilowatt-hours. The changes take effect immediately.

Exempts homeowners from tax increases for certain renewable energy systems.

This bill amends the real property tax law to exempt homeowners from tax increases for specific renewable energy systems. It applies to solar, wind, farm waste, micro-hydroelectric, fuel cell, micro-combined heat and power, electric energy storage, and fuel-flexible linear generator systems. The exemption covers systems constructed before July 1, 1988, and between January 1, 1991, and January 1, 2030, with a generation capacity of up to 20 kilowatts and storage capacity of up to 30 kilowatt-hours. The changes take effect immediately.