ME LD1355

Governor's Energy Office must study current taxation of renewable energy infrastructure (solar, wind, battery storage) and evaluate adopting a uniform capacity tax based on megawatts of generation capacity

Study must examine how renewable energy tax revenue affects state-municipal revenue-sharing formulas, including impacts of infrastructure depreciation on property values

Analysis required of tax increment financing and credit enhancement agreement programs for renewable energy projects, and whether alternative approaches would better serve municipalities and developers

Governor's Energy Office must consult with the Office of Tax Policy, renewable energy industry representatives, municipal/county officials, and solicit public comments

Report with findings, recommendations, and suggested legislation due to the Legislature's taxation committee by November 4, 2026, with potential legislation in 2027