Bill > HB05231

This bill proposes to amend the general statutes to create property tax exemptions for renewable energy systems, specifically targeting solar, geothermal, hydropower, and other Class I renewable energy sources. The exemptions would be determined based on three key factors: the installation date of the energy system, its generation capacity, and its physical location. Class I renewable energy sources typically include the most environmentally friendly and emerging renewable technologies like solar, wind, geothermal, biomass, and certain hydropower installations. By offering property tax exemptions, the bill aims to incentivize the adoption of renewable energy systems by reducing the financial burden on property owners who invest in these technologies. This approach could potentially encourage more residents and businesses to install renewable energy systems by making them more economically attractive, which could contribute to broader environmental sustainability goals and support the transition to cleaner energy sources.

Budget and Finance, Transportation and Infrastructure

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05231&which_year=2025