Exemption of qualified systems for heating, cooling or provision of electricity.
1. Except as otherwise provided in subsection 2, for any assessment made on or after July 1, 1983, any value added by a qualified system must be excluded from the assessed value of the building regardless of the date the system was installed.
2. Value added by a qualified system must not be excluded from the assessed value of a commercial or industrial building during any period in which the business that owns the commercial or industrial building is receiving another abatement or exemption from the taxes imposed by this chapter.
3. As used in this section, “qualified system” means any system, method, construction, installation, machinery, equipment, device or appliance which is designed, constructed or installed in a residential, commercial or industrial building to heat or cool the building or water used in the building, or to provide electricity used in the building, by using:
(a) Energy from the wind or from solar devices not thermally insulated from the area where the energy is used;
(b) Geothermal resources;
(c) Energy derived from conversion of solid wastes; or
(d) Waterpower,
Ê which conforms to standards established by regulation of the Department.
Last modified: February 27, 2006