Special Assessment for Wind Energy Systems (West Virginia)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place West Virginia

Name Special Assessment for Wind Energy Systems
Incentive Type Property Tax Incentive
Applicable Sector Utility
Eligible Technologies Wind
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Property tax basis reduced to approximately 25% of assessed value







Start Date 7/2001


















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[1]


Summary

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%.


Incentive Contact

Contact Name Jeff Herholdt
Department West Virginia Division of Energy

Address Bldg. 6, Room 553
Address 2 State Capitol Complex
Place Charleston, West Virginia
Zip/Postal Code 25305-0311
Phone (304) 558-2234
Phone 2 (800) 982-3386

Email Jeff.h.herholdt@wv.gov
Website http://www.energywv.org
     
     

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

Authority 1: W. Va. Code § 11-6A-5a
Date Effective 7/2001
Date Enacted 5/2001


Authority 2: Guide for County Assessors
Date Effective 2011-07-01



















  • 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"