Indiana Property Tax Exemptions With Renewables?

In Indiana, systems that generate energy using solar, wind, hydropower or geothermal resources -- including geothermal heat pumps -- are exempt from property tax.

(The definition of "solar" is restricted to active solar systems used for heating or cooling.) The exemption is allowed every year that a qualifying system functions. Significantly, the entire renewable energy system and affiliated equipment that is unique to the system, including equipment for storage and distribution, are exempt from property tax.

The exemption applies to both real property and mobile homes equipped with renewable energy systems and may only be claimed by property owners.

  • Property owners that wish to claim this deduction must fill out Form 18865 and file it with the local county auditor.
  • Questions about this incentive should be directed to the local auditor or assessor. Click here to find contact information for your local officials.

Comments

Post a Comment

Popular posts from this blog

Loans to Small Bunsinesses Opening Up

In mid-October, President Obama moved to raise the amount of credit extended to small businesses. If Congress approves his plan, the measures would enable community banks to borrow at low rates from the Treasury Department's Troubled Asset Relief Program (TARP). It would also raise loan caps on some Small Business Administration (SBA) programs. To qualify, the banks would have to show how they would increase lending to small enterprises. The relief could not come a moment too soon. The job-creation engine known as small business has been slammed, not only because of falling demand but also because the normal flow of financing has slowed to a trickle. Small enterprises have created two-thirds of all new jobs since 1994 and they employ more than half of all private-sector employees. (The SBA's definition of a small enterprise is "an independent business having fewer than 500 employees.") In September, for the second straight month, they laid off more workers th
Read more

CFC Solutions GMBH now MTU Onsite Energy GmbH

MTU Onsite Energy GmbH is a subsidiary business unit of MTU Friedrichshafen , a subsidiary of Tognu m AG , involved in manufacturing large diesel engines and complete propulsion systems. (thanks for the Update Bryan-see comments below) CFC Solutions became MTU Onsite Energy GmbH (Fuel Cell Systems Division) in September 2008. The company manufactures diesel engines for propulsion systems in ships, distributed power plants, heavy vehicles and rail in the power range between 35 and 9,000 kW. Since 1990, MTU has shown interest in fuel cells which resulted in the foundation of MTU CFC Solutions, now CFC Solutions. The company has been involved in the development and manufacture for molten carbonate fuel cells ("HotModule", 250kW). Since the end of 2000, MTU is also involved in PEM technology in order to develop fuel cell drive systems for off-highway applications. The focus of this work has been on propulsion systems for ships and on-board power generation. The aim is to develop
Read more

TXU and Solar City Partner bring PV Leasing to Texas

Image
TXU and Solar City's press release mark an exciting change for Texas. TXU residential users can now lease solar (photo Voltaic or PV) pannels for home reneweable energy generation. TXU's website is either not up yet or inundated at the moment,but here is the press release.... -Editor Affordable Solar Power Arrives in Texas TXU Energy Partners with SolarCity to Introduce North Texas' Most Affordable Solar Power Option DALLAS, Feb 24, 2010 (BUSINESS WIRE) -- For less than the monthly cost of most cell phone plans, many North Texans can now use renewable solar energy to help power their homes. TXU Energy's new solar program, in cooperation with SolarCity, a national leader in solar financing, design, installation, monitoring and related services, will provide North Texas homeowners with solar power systems that can allow them to save money on energy costs from day one. The program will include a solar lease option that includes installation, monitoring, repair
Read more