AZ HB2915

Establishes a residential property tax reduction fund for each renewable energy facility (wind or solar, 100+ megawatts) when zoning is approved in Arizona counties

Requires county treasurers to deposit 50% of the difference between pre- and post-construction assessed property values from eligible residential properties within the facility's zoning area into the fund

Allows up to 10% of fund monies for administrative costs, with remaining funds distributed annually to eligible residential property owners to reduce their property taxes

Board of supervisors must approve one of five distribution methods by September 1 each year: equal distribution, proportional by assessed value, proportional by acreage, fixed amount, or another equitable method

Applies only to facilities that have not received all zoning entitlements before the law's effective date and excludes rooftop solar systems and facilities producing power solely for on-site use