NV SB355

Renewable energy facilities that devote at least 36% of their total area to agrivoltaics or ecovoltaics for the duration of the abatement qualify for streamlined tax abatement approval from the Director of the Office of Energy

"Agrivoltaics" is defined as agricultural activities (crop production, livestock, beekeeping) occurring underneath or between solar panels; "ecovoltaics" covers conservation activities (native species conservation, rangeland enhancement, soil improvement, brownfield remediation, pollinator habitats)

Qualifying agrivoltaic/ecovoltaic facilities are exempt from requirements that financial benefits to the state exceed tax revenue losses and that the facility align with the State Plan for Economic Development

Qualifying facilities are also exempt from the requirement to obtain approval from the county board of commissioners before receiving the partial tax abatement

The act becomes effective July 1, 2025, and expires June 30, 2049