Solar energy heating or cooling system
Sec. 26. (a) The owner of real property, or a mobile home which
is not assessed as real property, which is equipped with a solar
energy heating or cooling system may have deducted annually from
the assessed value of the real property or mobile home an amount
which is equal to the remainder of (1) the assessed value of the real
property or mobile home with the solar energy heating or cooling
system included, minus (2) the assessed value of the real property or
mobile home without the system.
(b) The department of local government finance shall promulgate
rules and regulations for determining the value of a solar energy
heating or cooling system. The rules and regulations must provide
the method of determining the value on the basis of:
(1) the cost of the system components that are unique to the
system and that are needed to collect, store, or distribute solar
energy; and
(2) any other factor that is a just and proper indicator of value.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by Acts 1977,
P.L.68, SEC.1; Acts 1979, P.L.56, SEC.1; P.L.90-2002, SEC.114.
Last modified: May 28, 2006