Wind Energy Systems Exemption (Tennessee)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Wind Energy Systems Exemption|
|Incentive Type||Property Tax Incentive|
|Applicable Sector||Commercial, Industrial, Utility|
|Energy Category||Renewable Energy Incentive Programs|
|Program Administrator||Tennessee Comptroller of the Treasury|
|Date added to DSIRE||2003-07-15|
|Last DSIRE Review||2014-08-12|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Tennessee House Bill 809, enacted into law in Public Chapter 377, Acts of 2003 and codified under Title 67, Chapter 5, states that wind energy systems operated by public utilities, businesses or industrial facilities shall not be taxed at more than one-third of their total installed cost. This law applies to the initial appraisal and subsequent appraisals of wind energy systems, based on a reduced generation capacity of 2/3 due to intermittent production. Assessors and the comptroller takes the 1/3 capacity factor findings into account when assigning value when the property is appraised or reappraised.
|Contact Name||Taxpayer Assistance - TN Comptroller|
|Department||Tennessee Comptroller of the Treasury|
|Address||1400 James K. Polk State Office Building|
|Address 2||505 Deaderick Street|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Tenn. Code § 67-5-601|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.