Large Scale Renewable Energy Property Tax Abatement (Nevada State Office of Energy) (Nevada)

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place	Nevada
Name	Large Scale Renewable Energy Property Tax Abatement (Nevada State Office of Energy)
Incentive Type	Property Tax Incentive
Applicable Sector	Commercial, Utility, (Renewable Energy Power Producers)
Eligible Technologies	Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Municipal Solid Waste, Anaerobic Digestion, Fuel Cells using Renewable Fuels
Active Incentive	Yes
Implementing Sector	State/Territory
Energy Category	Renewable Energy Incentive Programs
Amount	55% abatement for 20 years.
Eligible System Size	Minimum 10 MW
Start Date	2009-07-01
Expiration Date	2049-06-30
Program Administrator	Nevada State Office of Energy
Website	http://energy.nv.gov/Programs/Renewable_Energy_Tax_Abatements/
References	DSIREDatabase of State Incentives for Renewables and Efficiency

Summary

New or expanded businesses in Nevada may apply to the Director of the State Office of Energy for a property tax abatement of up to 55% for up to 20 years for real and personal property used to generate electricity from renewable energy resources including solar, wind, biomass*, fuel cells, geothermal or hydro. Generation facilities must have a capacity of at least 10 megawatts (MW). Facilities that use solar energy to generate at least 25,840,000 British thermal units of process heat per hour can also qualify for an abatement.

There are several job creation and job quality requirements that must be met in order for a project to receive an abatement. Depending on the population of the county or city where the project will be located, the project owners must:

• Employ a certain number of full-time employees during construction, a percentage of whom must be Nevada residents
• Ensure that the hourly wage paid to the facility's employees and construction workers is a certain percentage higher than the average statewide hourly wage
• Make a capital investment of a specified amount in the state of Nevada
• Provide the construction workers with health insurance, which includes coverage for the worker's dependents

Note that this exemption does not apply to residential property. A facility that is owned, operated, leased or controlled by a governmental entity is also ineligible for this abatement.

History
This abatement has gone through revisions since its original inception. Most significantly, AB 522, signed in May 2009, raised the capacity minimum for eligible projects from 10 kilowatts (kW) to 10 MW. It also increased the abatement from 50% for 10 years to 55% for 20 years, extended it to additional technologies, and increased the qualification requirements to ensure that incentivized projects result in more high quality jobs. These changes took effect on July 1, 2009. AB 522 also created a sales and use tax abatement for renewable energy producers.

*Biomass is defined as any organic matter that is available on a renewable basis, including, without limitation, agricultural crops and agricultural wastes and residues; wood and wood wastes and residues; animal wastes; municipal wastes; and aquatic plants.

Incentive Contact

Contact Name	Suzanne Linfante
Department	Nevada Governor's Office of Energy
Address	755 North Roop Street, Suite 202
Place	Carson City, Nevada
Zip/Postal Code	89701
Phone	(775) 687-1850 Ext:7309
Email	slinfante@energy.nv.gov

Contact Name	Information Specialist - Dept. of Taxation
Department	NV Department of Taxation
Address	1550 E. College Parkway, Suite 115
Place	Carson City, Nevada
Zip/Postal Code	89706
Phone	(775) 684-2000
Website	http://tax.state.nv.us

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

Authority 1:	NRS 701A.300, et seq.
Date Effective	2009-07-01
Date Enacted	2009-05-30
Expiration Date	2049-06-30

• Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.