CT SB00519

Exempts Class I renewable energy sources, hydropower facilities, and passive/active solar heating systems from property tax, excluding solar power installations with nameplate capacity between 0.5 and 7 megawatts for private residential or farm use.

Requires solar power installations on a single parcel of land to aggregate their nameplate capacity in a written application filed with local assessors by November 1st for each assessment year.

Permits net metering participation and third-party ownership of renewable energy sources without disqualifying installations from tax exemption eligibility.

Establishes exemption application procedures through the Secretary of the Office of Policy and Management, with forms developed in consultation with the Connecticut Association of Assessing Officers and Connecticut Green Bank.

Becomes effective October 1, 2023, and applies to assessment years commencing on or after that date, amending Connecticut General Statutes section 12-81(57).