Why Solar Property Tax Exemptions Matter

More than half the states in the country offer some type of solar property tax exemption. This is important is because a solar installation can add tens of thousands of dollars to the value of your house.  You should be aware of how solar may affect your property taxes in the future because property taxes are something you pay every year.  An increase in property taxes would add up over time.

How much value does solar add to a home?

It makes sense that a solar installation will add value to your home.  Experts say the ratio of increased home value to annual electricity bill savings is 20:1.  This means if your bill is reduced $1,000 a year, the value of your home should be raised by $20,000!  The idea behind this is that once solar is in place, the operating costs for the home will decrease because of the smaller electric bills.  In theory, the monthly savings can go towards paying a larger mortgage payment instead of an electricity bill. If an average solar installation will increase your home value by $20,000, your property will be assessed a higher value.

Will your property taxes go up after solar?

Not necessarily.  32 out of 50 states are rewarding homeowners for making an investment in clean, green energy and helping them get to their Renewable Portfolio Standard by offering some type of property tax exemption.

Does your state offer a solar property tax exemption?

17 states, including Connecticut, New Jersey, and New York, offer a 100% property tax exemption for solar indefinitely.  15 other states provide a limited period of full property tax exemption, partial property tax exemption, or some other type of benefit. For example, Massachusett gives residents a 100% property tax exemption for the first 20 years after the solar project is complete and Rhode Island agrees to not assess a solar photovoltaic system more than the value of a conventional energy system.

Does a solar property tax exemption mean you pay no property taxes?

I actually get this question more a lot.  You will still pay property taxes, but the value of the solar will be excluded and this means your property taxes won’t increase.

For a full table of property tax exemptions by state and other great solar-related data, please refer this article on tax exemptions on SolarPowerRocks.com.  Brightstar Solar is a Massachusetts solar company that can help you navigate local incentives and permitting rules.  Unlike other installers, we are there for customers post-installation, including solar tax planning as well as repairs and warranty issues.  Please reach out us at 617-564-0050 if you would like a free solar consultation of your home or business in Massachusetts.

7 thoughts on “Why Solar Property Tax Exemptions Matter”

  1. Pingback: Pay No Sales Tax on Solar Power in MA and CT! — BRIGHTSTAR SOLAR

  2. Great piece! Anyone with even a passing interest in the subject should read your in-depth analysis and explanations. Your inclusion of examples and practical ideas is really appreciated. We appreciate you being so kind with your time and expertise.

  3. vibration monitoring equipment

    Vibration Monitoring Equipment: Enhance Your Machinery Performance
    Vibration monitoring equipment is essential for maintaining the efficiency and longevity of industrial machinery. Among the various options available, the Balanset-1A portable balancer and vibration analyzer stands out. This innovative piece of equipment allows for dynamic balancing and vibration measurement across various applications, including crushers, fans, mulchers, augers, and more. By utilizing the Balanset-1A, industries can optimize rotor performance, minimize wear and tear, and ensure smooth operations.
    Key Features of the Balanset-1A
    The Balanset-1A is designed with cutting-edge technology to support balanced operation in two planes, making it a versatile tool for different machinery. Here are some of its key features:

    Dual-Channel Capabilities: With two channels for vibration analysis, the Balanset-1A effectively monitors and balances various types of rotors, ensuring accurate results.
    Vibrometer and Tachometer Modes: These modes enable users to measure vibration levels and rotational speed (RPM), crucial for effective maintenance and performance monitoring.
    FFT Spectrum Analysis: The Balanset-1A offers a detailed frequency spectrum analysis, allowing users to detect and identify vibration anomalies.
    Polar Graph Visualization: This feature helps visualize the imbalance by displaying it in a polar graph, making it easier to place correction weights accurately.
    Tolerance Calculator: The equipment calculates acceptable balancing tolerances based on ISO standards, ensuring compliance and reliability in operations.

    Applications Across Industries
    Vibration monitoring equipment like the Balanset-1A is invaluable across various industries. Its flexibility makes it suitable for dynamic balancing of:

    Centrifuges: Enhance the performance and longevity of centrifuges by minimizing vibrations.
    Turbines: Maintain operational efficiency and safety in turbine applications through effective balancing.
    Augers and Fans: Optimize fan and auger performance for increased productivity and reduced energy costs.

    Data Logging and Reporting Features
    The Balanset-1A excels in data management, allowing users to save measurement logs for further analysis. This capability is particularly beneficial in understanding trends, tracking performance over time, and facilitating maintenance schedules. Moreover, the equipment can generate detailed reports summarizing balancing outcomes and sessions, enhancing operational transparency.
    Ease of Use and Accessibility
    One of the standout features of the Balanset-1A is its user-friendly design, which caters both to seasoned professionals and those new to vibration monitoring equipment. With straightforward controls and an intuitive interface, users can quickly navigate through the available functions, making it an efficient tool for any operation.
    Global Compatibility
    Providing support for both Imperial and Metric systems, the Balanset-1A is designed for worldwide use. Whether in North America, Europe, or Asia, users can easily adapt the measurements and calculations to their specific requirements, eliminating barriers to effective implementation.
    Additional Components and Accessories
    To enhance its functionality, the Balanset-1A can be equipped with several additional components:

    Vibration Sensors: These sensors are essential for accurate vibration measuring, providing data crucial for effective analysis.
    Optical Sensors: With a range of distance measurements, these sensors are integral for monitoring the rotational speed of machinery.

    Conclusion
    Investing in vibration monitoring equipment, particularly the Balanset-1A, is vital for any industry that relies on rotating machinery. By employing this device, businesses can enhance their operational efficiency, reduce the risk of machinery failure, and save on maintenance costs. With its robust features, ease of use, and global compatibility, the Balanset-1A stands as a top choice for those seeking top-quality vibration monitoring solutions. Optimize your equipment’s performance and ensure longevity with the Balanset-1A.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top