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Renewable Energy System Exemption

Last Review: 2013-02-28
Incentive Type: Property Tax Incentive
Eligible Efficiency Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Hydrogen, Solar Pool Heating, Anaerobic Digestion, Small Hydroelectric
Applicable Sectors: Commercial
Incentive Amount: 50,000 or 70% of the assessed value of eligible property, whichever is greater
Eligible System Size: Less than 5 MW
Website:

Summary:

In March 2010, South Dakota established a new property tax incentive that replaced two existing property tax incentives for renewable energy. Facilities that generate electricity using wind, solar, hydro, hydrogen generated by another eligible resource, or biomass resources are eligible for this incentive, as are facilities that generate other forms of energy using solar or geothermal resources.

For eligible facilities less than five megawatts (MW) in capacity, all real property used or constructed for the purpose of producing electricity is assessed in the same manner as other real property. However, the first $50,000 or 70% of the assessed value of eligible property, whichever is greater, is exempt from the real property tax. For geothermal systems that produce thermal energy, but not electricity, this exemption is limited to the first four continuous years for residential systems and to the first three continuous years for commercial systems.


Contact:
Colleen Skinner
S.D. Department of Revenue and Regulation
445 East Capitol Avenue

Pierre, SD 57501-3100
Phone:(605) 773-5120 Ext.
Phone 2:(605) 773-6729
Email: colleen.skinner@state.sd.us
Web site: http://www.state.sd.us/drr2/propspectax/assessor/power_light.htm

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