City and County of Honolulu - Real Property Tax Exemption for Alternative Energy Improvements (Hawaii)

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Summary

Last modified on March 3, 2010.

Financial Incentive Program

Place Hawaii


Name Honolulu - Real Property Tax Incentive for Alternative Energy Improvements
Incentive Type Property Tax Incentive
Applicable Sector Commercial, Industrial, Residential
Active Incentive Yes


Energy Category Renewable Energy Incentive Programs
Amount 100%; only alternative energy property and part of building necessary for improvement is eligible for exemption













Terms Exempt from property taxes for 25 years



References DSIRE[1]


Authorities (Please contact the if there are any file problems.)

Authority 1: Honolulu City Council Bill 58
Date Effective 10/1/2009

















In September 2009, the Honolulu City Council unanimously passed Bill 58 to create a real property tax exemption for alternative energy improvements. This bill became effective October 1, 2009. The alternative energy property installed on a building, property, or land 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.

References

  1. DSIRE Database of State Incentives for Renewables & Efficiency accessed 2009-12-08