AZ HB2595

Amends Arizona Revised Statutes section 42-11054 regarding property valuation methods for tax assessment purposes.

Solar energy devices, grid-tied photovoltaic systems, and other devices designed for solar energy production primarily for on-site consumption by the owner are considered to have no value and add no value to the property where installed.

Renewable energy equipment used to produce energy primarily for on-site consumption by the owner from sources including wind, geothermal, biomass, and solar energy are considered to add no value to the property if proper documentation of costs is provided to the county assessor.

Property owners must submit documentation of energy efficient building components, renewable energy equipment, and combined heat and power systems to the county assessor no later than six months before the notice of full cash value is issued, or March 31 of the initial valuation year if added after September 30.