Legislation enacts property tax exemptions for solar and renewable energy source devices
Senate Bill 90, renewable energy source devices, passed the Senate Committee on Communications, Energy, and Public Utilities today. The bill passed with unanimous support. If adopted, the legislation will exempt solar and renewable energy devices from property tax in Florida.
“Floridians expect access to more renewable energy in the Sunshine State,” stated Senator Brandes. “This bill will further encourage growth in clean energy jobs in our state. We will be in a better position to take advantage of increased energy diversity while addressing environmental concerns. Florida should be a leader in solar, and the passage of this bill brings us one step closer to that reality.”
The bill implements Amendment 4, which passed with 73 percent support by the voters on the 2016 primary election. The bill exempts solar and renewable energy devices from property taxes on real and tangible personal property installed on commercial and industrial property. This reflects an extension of the existing exemption in law for solar and renewable energy devices on residential property. The proposal encourages expansion of solar and renewable energy production in Florida, complimenting an industry that has experienced significant growth in recent years. The tax exemption of the bill will begin in 2018 and extend for 20 years.
For more information on SB 90 please visit http://www.flsenate.gov/Session/Bill/2017/0090