Special Assessment for Wind Energy Systems (West Virginia)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Special Assessment for Wind Energy Systems|
|Incentive Type||Property Tax Incentive|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||Property tax basis reduced to approximately 25% of assessed value|
|Program Administrator||West Virginia Division of Energy|
|Date added to DSIRE||2001-05-03|
|Last DSIRE Review||2014-08-06|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
For the purposes of property tax assessment, utility-owned wind projects are considered to have a value equal to their salvage value, with certain limitations. This incentive effectively lowers the property tax base on utility-owned wind turbines from 100% of fair market value to as little as 24.95% of fair market value.* This results in an effective property tax rate on wind turbines that is 24.95% of the effective tax rate on most other types of newly constructed electricity-generating units.
*The law states that up to 79% of the total property may be assigned salvage value. Salvage value of a pollution control facility, of which a wind turbine is considered for assessment purposes, is 5%. Therefore, if 79% of the property is valued at 5% (salvage value), and the remaining 21% of the property is valued at 100%, the effective value for property tax purposes is 24.95%.
|Contact Name||Jeff Herholdt|
|Department||West Virginia Division of Energy|
|Address||Bldg. 6, Room 553|
|Address 2||State Capitol Complex|
|Place||Charleston, West Virginia|
|Phone 2||(800) 982-3386|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||W. Va. Code § 11-6A-5a|
|Authority 2:||Guide for County Assessors|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.