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No Property Tax on Solar Energy Systems

No Property Tax

Solaron often points to the fact that adding a solar energy system raises the value of your home. When informed of this fact, some express concern that if their property assessment goes up, so too will their property tax! With solar energy systems, this is not so!

Solar Energy Systems Exempt

While you should always consult with a tax professional before making any decisions based on taxes, the basic facts are that “the California Revenue and Taxation Code allows a property tax exclusion for certain types of solar energy systems installed between January 1, 1999, and December 31, 2024,” quoting from the website.

This means that, in general, the additional property value that comes from installing solar alternative energy systems do not count against you for purposes of property tax.

Here’s a New Deadline

Note that this adds another deadline for solar energy consumers to be concerned about. At the end of 2019, the residential federal tax rebate for installing photovoltaic systems drops from 30% to 26%, down to 22% in 2021, and plummets to 10% in 2022, and to zero in 2023 (commercial installations will still get 10% perpetually). Then, after 2024, it’s possible that installing solar energy systems may actually increase your property tax!

So when should you contact Solaron to install a new set of solar panels or a pool heating system? Don’t procrastinate! The answer is that you should do it right now while you can capture the maximum value available for installing solar electricity in Sacramento, Northern California and the Bay Area.