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Renewable Energy Systems Exemption (South Dakota)
Incentive/Active false  +
Incentive/Amt Commercial: 50% exemption<br /> Residential: 100% exemption<br /> 100% exemption for 3 years, declining % for 3years thereafter  +
Incentive/ApplDsc Commercial  + , Industrial  + , Residential  + , Agricultural  +
Incentive/AuthCode SDCL § 10-6-35.8 et seq.  +
Incentive/AuthDtEnact 1975  +
Incentive/AuthExpireDt 2010-07-01  +
Incentive/AuthLink  +
Incentive/ContAddr 445 East Capitol Avenue  +
Incentive/ContDept S.D. Department of Revenue and Regulation  +
Incentive/ContDiv Division of Property and Special Taxes  +
Incentive/ContEmail  +
Incentive/ContName Michael Kenyon  +
Incentive/ContPhone (605) 773-3311  +
Incentive/ContPlace Pierre, South Dakota  +
Incentive/ContWebsite  +
Incentive/ContZip 57501  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/EquipReqs Systems must produce energy for on-site consumption  +
Incentive/ImplSector State/Territory  +
Incentive/Name Renewable Energy Systems Exemption  +
Incentive/Summary '''''Note: This incentive will be replaced
'''''Note: This incentive will be replaced by a [ new property tax incentive] for renewable energy on July 1, 2010.''''' This statute exempts from local property taxes renewable energy systems on residential and commercial property. For residential systems, the exemption applies to the entire assessed value of the system and may be transferred when the property is sold, provided the new owner is the first occupant of the structure (e.g., builder installs a renewable energy system on a newly constructed home). For residential systems, the ''minimum'' value of the credit is the actual installed cost of the system. For commercial systems, the credit is 50% of the installed cost of the system; it may not be transferred when the property is sold. The exemption may be applied for three continuous years. After three years, the property owner may claim a portion of the exemption for three subsequent years according to the following schedule: * Year 1: 75% of the exemption * Year 2: 50% of the exemption * Year 3: 25% of the exemption The property tax exemption is adjusted to include any federal renewable energy income tax credit available at the time the owner applies for the exemption. This exemption is not allowed for systems that produce energy for resale. (Separate property tax laws cover commercial wind facilities.) For additional information or to apply for the exemption, contact the Director of Equalization for your county.
Director of Equalization for your county.  +
Incentive/TechDsc Passive Solar Space Heat + , Solar Water Heat + , Solar Space Heat + , Solar Thermal Process Heat + , Photovoltaics + , Landfill Gas + , Biomass + , Geothermal Electric + , Ground Source Heat Pumps + , Ethanol + , Wind +
Incentive/Type Property Tax Incentive +
OpenEI/PageDescription Renewable Energy Systems Exemption: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , South Dakota  + , Property Tax Incentive  +
Place South Dakota: Energy Resources +
Website  +
Categories Financial Incentive Programs , Incentive with Authorities , Incentive with Contacts
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
23:53:28, 12 February 2015  +
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