Section 300-RICR-00-00-2.1 - PURPOSEA. The purpose of these regulations is to provide consistent and foreseeable tax treatment of renewable energy to facilitate and promote installation of grid-connected generation of renewable energy. The Office of Energy Resources shall adopt a statewide tangible tax value and formula, which shall be used by all municipalities utilizing ordinances and resolutions for commercial renewable energy systems proposed within their respective municipalities beginning on January 1, 2017.B. All existing municipal renewable energy ordinances and/or resolutions will need to be amended by town and city councils to reflect the requirements of the regulation and the associated tax value and associated formula. Municipalities that plan on adopting first-time ordinances and/or resolutions for renewable energy will need to reflect the requirements of the regulation and the associated tax value and associated formula in their respective ordinances and/or resolutions.C. Any renewable energy systems that are installed on residential and manufacturing properties, the renewable energy equipment are exempt from local taxation per R.I. Gen. Laws §§ 44-3-3(48) and (49).300 R.I. Code R. 300-RICR-00-00-2.1