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Colorado

Colorado

Incentives/Policies for Renewables & Efficiency

Printable Version
Property Tax Exemption for Residential Renewable Energy Equipment   

Last DSIRE Review: 06/25/2014
Program Overview:
State: Colorado
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Residential
Amount:100% exemption for renewable energy system property
Equipment Requirements:Energy produced by the system must be used on-site
Authority 1:
CRS 39-3-102
Authority 2:
Colorado Assessors' Reference Library, Volume 5, Personal Property Manual, page 7.53
Summary:

Most locally assessed renewable energy property meet the criteria to be classified as personal property under § 39-1-102 (11), C.R.S.

For Colorado property taxation purposes, solar energy facilities property used to produce two (2) megawatts or less of AC electricity and wind energy facilities property used to produce two (2) megawatts or less of AC electricity are locally assessed. In addition, locally assessed renewable energy property includes small or low impact hydroelectric facilities, geothermal energy facilities, and biomass energy facilities as defined in § 39-4-101, C.R.S., used to produce two (2) megawatts or less of AC electricity and placed into use prior to January 1, 2010.

Renewable energy property in Colorado is taxable unless specifically exempt by the Colorado Constitution.

Renewable energy personal property that is located on a residential classified property, owned by the residential property owner, and produces energy that is used by the residential property is exempt from Colorado property taxation.

Independently owned residential solar electric generation facilities that meet the criteria listed in § 39-1-102 (6.8), C.R.S. are exempt from Colorado property taxation under § 39-3-102, C.R.S. To qualify for the exemption the solar electric generation facility must be located on residential real property, used to produce electricity from solar energy primarily for use in the residential improvements, and have a production capacity of no more than one hundred (100) kilowatts of AC electricity

 


 
Contact:
  Michael Krueger
Colorado Department of Local Affairs
Division of Property Taxation (Locally-Assessed Property)
1313 Sherman Street, #419
Denver, CO 80203
Phone: (303) 864-7792
E-Mail: michael.krueger@state.co.us
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.