Renewable Energy Systems Property Tax Exemption

August 16, 2024

Summary

Renewable energy systems which serve a commercial or industrial building or irrigation system are exempt from property taxes. Qualified equipment includes solar, wind, geothermal, solid waste and hydroelectric systems used to heat or cool a building, heat or cool water used by a building, or generate electricity used by the building. S.B. 426 of 2011 clarified that a system installed on one or more buildings and supplying energy to adjacent buildings or an irrigation system in an agricultural operation is eligible for the exemption. This exemption applies for all years following installation.

The renewable energy property tax exemption cannot be claimed if another state tax abatement or exemption is claimed by the same building.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Nevada
Incentive Type:	Property Tax Incentive
Web Site:
Administrator:	NV Department of Taxation
Start Date:	7/1/1983
Eligible Renewable/Other Technologies:	Solar - Passive Solar Water Heat Solar Space Heat Geothermal Electric Solar Photovoltaics Wind (All) Hydroelectric Geothermal Heat Pumps Municipal Solid Waste Wind (Small) Hydroelectric (Small) Geothermal Direct-Use
Incentive Amount:	100%
Maximum Incentive:	None

Authorities

Name:	NRS § 701A.200
Date Enacted:	1975
Effective Date:	7/1/1983

Name:

NAC § 361.052

Contact

Name:	Information Specialist - Dept. of Taxation
Organization:	NV Department of Taxation
Address:	1550 E. College Parkway, Suite 115 Carson City NV 89706
Phone:	(775) 684-2000

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.