Sunetric Blog: Hawaii Solar News & Updates
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Bill 58
Tuesday, August 17, 2010
Does Your Alternative Energy Installation Qualify for a 25-year Property Tax Exemption?
In September 2009, the Honolulu City Council unanimously passed Bill 58 to create a real property tax exemption for alternative energy improvements for residents in Honolulu City and County. This bill became effective October 1, 2009.
According to the language of Bill 58:
The alternative energy property installed on a building, property, or land in Honolulu County or the City of Honolulu is exempt from property taxes for 25 years. For the purposes of this property tax exemption, alternative energy sources include solar, wind, hydropower, tidal, wave, solid waste and increased efficiency in fossil-fuel burning facilities. *Energy sources based on fossil fuels, nuclear fuels or geothermal energy are not eligible for this exemption.
To find out if you qualify for this property tax exemption and for more information, visit:
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=HI28F&re=1&ee=1
* Please note: Sunetric does not provide tax advice. We can only describe to you the process and procedures that are in place at the time of this writing which may change without notice. Please consult professional tax counsel for your specific circumstance.
