The following formula and associated $5.00 per kW is adopted
by the Office in establishing the tangible tax value for commercial
renewable energy systems to provide reasonable compensation to a municipality
effective January 1, 2017. All such municipal ordinances and resolutions
assessing tangible tax on commercial renewable energy systems must
apply the following dollar value and formula.
|
$ 5.00 kW x _Kilowatt AIC Capacity of the Commercial Renewable
Energy System =
| |
$______
| |
Example 1: A two-megawatt ground-mount solar system
that will be receiving a twenty-year tariff under the REG program
and selling the electricity back to National Grid.
| |
$5 kW X 2,000 kW AIC capacity of the commercial
renewable energy system =
| |
$10,000 annual revenue to the municipality
| |
$200,000 total revenue over the twenty-year REG
Program tariff to the municipality
| |
Example 2: A one-and-five-tenths-megawatt wind-turbine
system that will be receiving a twenty-year tariff under the REG Program
and selling the electricity back to National Grid.
| |
$5 kW X 1,500 kW AIC capacity of the commercial
renewable energy system =
| |
$7,500 annual revenue to the municipality
| |
$150,000 total revenue over the twenty-year REG
Program tariff to the municipality
|