300 R.I. Code R. 300-RICR-00-00-2.7

Current through December 3, 2024

Section 300-RICR-00-00-2.7 - MUNICIPAL TAX WAIVER OPTION FOR RENEWABLE SYSTEMS NOT SELLING POWER

A. Pursuant to R.I. Gen. Laws § 44-3-21, a town or city council may elect not to assess a tangible tax on all commercial renewable energy systems or specifically on net-metered systems that are strictly designed to offset and reduce electricity bills on a property and not developed for commercial revenue purposes. A town or city council would need to enact an ordinance to waive tangible taxes on those types of renewable systems.

B. 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).