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| NOTE: This information was obtained from the Database of State Incentives for Renewables & Efficiency and is reprinted here at Darianestates.com. More specifics may be obtained at http://www.dsireusa.org/ |
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This information is current as of 06/03/2009 |
| Property Tax Exemption - Summary: |
| In June
2008, Florida enacted legislation that revived a renewable energy
property tax exemption that had previously expired in 1990. Under
Florida law, improved real property upon which a renewable energy
source device* is installed and operated is entitled to an exemption
in the amount of the original cost of the device, including the
installation cost. The exemption does not include the cost of
replacing, removing or improving existing property in the course of
the installation. Renewable energy devices must be installed on or after January 1, 2009, to qualify for the exemption, and the exemption will not be authorized for more than 10 years. If the renewable energy device was operative for less than a full calendar year preceding the taxpayer's exemption application, the exempt amount will be reduced proportionally. *The legislation states that a "renewable energy source device means any of the following equipment which, when installed in connection with a dwelling unit or other structure, collects, transmits, stores, or uses solar energy, wind energy, or energy derived from geothermal deposits: solar energy collectors; storage tanks and other storage systems, excluding swimming pools used as storage tanks; rockbeds; thermostats and other control devices; heat exchange devices; pumps and fans; roof ponds; freestanding thermal containers; pipes, ducts, refrigerant handling systems, and other equipment used to interconnect such systems (however, conventional backup systems of any type are not included in this definition); windmills; wind-driven generators; power conditioning and storage devices that use wind energy to generate electricity or mechanical forms of energy; pipes and other equipment used to transmit hot geothermal water to a dwelling or structure from a geothermal deposit." |
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Taxpayer Services Florida Department of Revenue 1379 Blountstown Hwy. Tallahassee, FL 32304-2716 Phone: (800) 352-3671 Phone 2: (850) 488-6800 Web site: http://www.myflorida.com/dor |