Property Tax Exemption for Renewable Energy Systems

New Jersey offers exemptions for renewable energy systems used to meet on-site electricity, heating, cooling, or general energy needs from local property taxes. (There is not a state component to property taxes in New Jersey). Eligible renewable energy systems include solar PV, wind, fuel cells, sustainable biomass, geothermal electric, landfill gas, hydroelectric, resource recovery, wave, and tidal systems that produce electricity. Systems that produce energy from solar thermal energy (e.g., solar hot water) or geothermal energy (e.g., geothermal heat pumps) are also eligible for the exemption. The exemption may be claimed for all qualified systems installed on residential, commercial, industrial, or mixed use buildings as accessory uses.  For more details, contact:  Department of the Treasury, Division of Taxation, P. O. Box 002, Trenton, NJ 08625-0002; 609-826-4400; http://www.njleg.state.nj.us/2008/Bills/PL08/90_.PDF or http://www.state.nj.us/treasury/taxation/

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