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Colorado

Colorado

Incentives/Policies for Renewables & Efficiency

Printable Version
Renewable Energy Property Tax Assessment   

Last DSIRE Review: 07/23/2013
Program Overview:
State: Colorado
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Solar Thermal Electric, Photovoltaics, Wind, Biomass, Geothermal Electric, Small Hydroelectric
Applicable Sectors: Commercial
Amount:Varies depending on rate set annually by the Division of Property Taxation
Start Date:1/1/2009
Web Site: http://www.colorado.gov/cs/Satellite/DOLA-Main/CBON/1251642258670
Authority 1:
Date Enacted:
CRS 39-4-101 et seq.
2001, subsequently amended
Authority 2:
Colorado Assessors' Reference Library, Volume 5, Personal Property Manual, page 7.53
Summary:

Locally Assessed Renewable Energy Property

Photovoltaic (PV) and wind energy facilities with a capacity of 2 megawatts (MW) AC or less are assessed locally for property taxes. Additionally, low impact hydro, geothermal, and biomass facilities with a capacity of 2 MW or less and which were placed in service prior to January 1, 2010 are also assessed locally for property taxes. In assigning value to renewable energy property, local assessors are required to use the cost approach outlined in the Assessors' Reference Library. Assessors must also examine the sales comparison and income approaches, both described in the Assessor's Reference Library. 

State Assessed Renewable Energy Property

Renewable energy systems with a capacity greater than 2 MW are assessed for property taxes by the State Assessed Properties Section of the Division of Property Taxation. Additionally, small or low impact hydro, geothermal, and biomass facilities of any size which were placed in service on or after January 1, 2010, are assessed by the state for property taxes.  These facilities are valued as though its actual value for property taxation is that of a non-renewable energy facility, including all direct and indirect costs. The incremental value of the renewable energy facilities above the non-renewable facilities is disregarded. The Division of Property Taxation is responsible for determining the nonrenewable comparison value each year. For 2014, the nonrenewable facility value was determined to be $1,089 per kilowatt (KW) for renewable energy projects up to 2 megawatts (MW), and $388 per kW for systems over 100 MW, with other values for various size ranges. Click here for a complete breakdown. This valuation methodology applies to renewable energy that is connected to the grid through an interconnection meter. It does not apply to off-grid customer-sited resources.

 


 
Contact:
  Michael Krueger
Colorado Department of Local Affairs
Division of Property Taxation (State-Assessed Property)
1313 Sherman Street, #419
Denver, CO 80203
Phone: (303) 864-7792
E-Mail: michael.krueger@state.co.us
 
  Deb Myer
Department of Local Affairs
Division of Property Taxation (Locally-Assessed Property)
1313 Sherman Street, #419
Denver, CO 80203
Phone: (303) 864-7774
Fax: (303) 864-7799
E-Mail: deb.myer@state.co.us
Web Site: http://www.dola.state.co.us/dpt/index.htm
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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.