Local Option – Property Tax Exemption for Renewable Energy Systems

Program Overview

Implementing Sector State
Category Financial Incentive
State Alaska
Incentive Type Property Tax Incentive
Eligible Renewable/Other Technologies Solar Water Heat, Solar Space Heat, Solar Photovoltaics, Wind (All), Biomass, Wind (Small), Hydroelectric (Small), Other Distributed Generation Technologies
Applicable Sectors Residential
Incentive Amount Varies (local option)
Maximum Incentive Varies (local option)

Summary

Alaska, in a legislative move of June 2010, empowered municipalities to enact ordinances granting tax exemptions to residential renewable energy systems. These systems, encompassing wind, hydro, and solar technologies, utilize energy sources beyond fossil or nuclear fuels. This measure aims to incentivize the adoption of sustainable energy practices within residential communities, fostering environmental stewardship and energy diversification.

 

Authorities

Name Alaska Statutes 29.45.050
Date Enacted 6/16/2010