Bill > S0261

This bill exempts behind-the-meter batteries interconnected with a solar photovoltaic system from sales tax in Rhode Island. Specifically, the bill amends section 44-18-30 of the Rhode Island General Laws, which lists various goods and services exempt from sales tax, by adding behind-the-meter batteries that are part of a solar photovoltaic system to the existing list of tax-exempt renewable energy products. A behind-the-meter battery is a battery storage system installed on a property that is connected to the electrical grid and typically used to store energy generated by solar panels for later use. The bill aims to incentivize the adoption of solar energy and battery storage technologies by removing the sales tax barrier. The exemption will take effect immediately upon the bill's passage, making it easier and potentially more affordable for residents and businesses to invest in solar energy systems with battery storage.

Budget and Finance

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