Implementing Sector: | State |
Category: | Financial Incentive |
State: | Montana |
Incentive Type: | Property Tax Incentive |
Web Site: | http://www.deq.mt.gov/Energy/renewable/taxincentrenew.mcpx#15-6-224 |
Eligible Renewable/Other Technologies: | Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Municipal Solid Waste, Landfill Gas, Solar Pool Heating, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use, Anaerobic Digestion, Fuel Cells using Renewable Fuels |
Incentive Amount: | 100% for 10 years. |
Maximum Incentive: | Based on investment of $20,000 for single family, and on investment of $100,000 for multi-family, non-residential. |
Name: | MCA § 15-6-224 |
Date Enacted: | 2005 |
Expiration Date: | none |
Name: | MCA § 15-32-102 |
Technologies: | Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Municipal Solid Waste, Landfill Gas, Solar Pool Heating, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use, Fuel Cells using Renewable Fuels |
Sectors: | Commercial, Industrial, Residential, Agricultural |
Parameters: | The incentive is 100.00 %, The incentive has a maximum of 10.00 Years |
Montana's property tax exemption for recognized non-fossil forms of energy generation and low emission wood or biomass combustion devices may be claimed for 10 years after installation of the property. The exemption is allowed for up to $20,000 in value for single-family residential dwellings and up to $100,000 in value for multi-family residential dwellings or non-residential structures. This property is class 4 property and otherwise would be taxed on 2.54% of assessed value in tax year 2013 and 2.47% in tax years after 2013.
Recognized forms of energy generation include solar photovoltaics, passive solar, wind, solid waste, decomposition of organic wastes, geothermal, small hydropower plants, low-emission wood or biomass combustion systems, and fuel cells that do not require hydrocarbon fuel.
Use Montana Department of Revenue Form AB-14 to claim this exemption.
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