Renewable Energy System Exemption (South Dakota)

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place South Dakota

Name Renewable Energy System Exemption
Incentive Type Property Tax Incentive
Applicable Sector Commercial, Industrial, Residential, Agricultural
Eligible 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
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 50,000 or 70% of the assessed value of eligible property, whichever is greater, is exempt




Eligible System Size Less than 5 MW










Maximum Incentive 50,000 or 70% of the assessed value of eligible property, whichever is greater










Program Administrator S.D. Department of Revenue and Regulation

Date added to DSIRE 2010-04-07
Last DSIRE Review 2014-06-30



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


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 5 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.


Incentive Contact

Contact Name Wendy Semmler
Department S.D. Department of Revenue and Regulation
Division Property and Special Tax Division
Address 445 East Capitol Avenue

Place Pierre, South Dakota
Zip/Postal Code 57501-3100
Phone (605) 773-4923
Phone 2 (605) 773-6729

Email Wendy.semmler@state.sd.us
Website http://www.state.sd.us/drr2/propspectax/assessor/power_light.htm
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: SDCL § 10-4-42 et seq.
Date Effective 2010-07-01
Date Enacted 2010-03-26



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"