Nevada Revised Statutes Section 374.307 - Revenue and Taxation

Product or system using renewable energy to generate electricity; solar thermal energy system; solar lighting system. [Effective through June 30, 2005.]

1. There are exempted from the taxes imposed by this chapter the gross receipts from the sale of, and the storage, use or other consumption in this State of, any:

(a) Product or system designed or adapted to use renewable energy to generate electricity and all of its integral components.

(b) Solar thermal energy system that reduces the consumption of electricity or any fossil fuel, and all of its integral components.

(c) Solar lighting system that reduces the consumption of electricity or any fossil fuel, and all of its integral components.

2. As used in this section:

(a) “Biomass” means any organic matter that is available on a renewable basis, including, without limitation:

(1) Agricultural crops and agricultural wastes and residues;

(2) Wood and wood wastes and residues;

(3) Animal wastes;

(4) Municipal wastes; and

(5) Aquatic plants.

(b) “Fuel cell” means a device or contrivance that, through the chemical process of combining ions of hydrogen and oxygen, produces electricity and water.

(c) “Renewable energy” means a source of energy that occurs naturally or is regenerated naturally, including, without limitation:

(1) Biomass;

(2) Fuel cells;

(3) Geothermal energy;

(4) Solar energy;

(5) Waterpower; and

(6) Wind.

Ê The term does not include coal, natural gas, oil, propane or any other fossil fuel, or nuclear energy.

(d) “Solar lighting system” means a system of related components that:

(1) Uses solar energy to provide indoor lighting; and

(2) Is designed to work as an integral package such that the system is not complete without one of its related components.

(e) “Solar thermal energy system” means a system of related components that:

(1) Uses solar radiation to heat water; and

(2) Is designed to work as an integral package such that the system is not complete without one of its related components.

(f) “System designed or adapted to use renewable energy to generate electricity” means a system of related components:

(1) From which at least 75 percent of the electricity generated is produced from one or more sources of renewable energy; and

(2) That is designed to work as an integral package such that the system is not complete without one of its related components.

Last modified: February 27, 2006