§ 6-1.1-12-26 — Solar energy heating or cooling system

Indiana § 6-1.1-12-26

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 12: Assessed Value Deductions and Deduction Procedures

Text

(a) The owner of real property, or a mobile
home which is not assessed as real property, which is equipped with a
solar energy heating or cooling system may have deducted annually
from the assessed value of the real property or mobile home an amount
which is equal to the out-of-pocket expenditures by the owner (or a
previous owner) of the real property or mobile home for:
(1) the components; and
(2) the labor involved in installing the components;
that are unique to the system and that are needed to collect, store, or
distribute solar energy.
(b) The tangible property to which subsection (a) applies includes
a solar thermal air system and any solar energy heating or cooling
system used for:
(1) domestic hot water or space heat, or both, including pool
heating; or
(2) preheating for an industrial process.
(c) Subsection (a) does not apply to tangible property that would not
be subject to assessment and taxation under this article if this section
did not apply.
(d) For purposes of subsection (a), proof of out-of-pocket
expenditures may be demonstrated by invoices or other evidence of a
purchase and installation, as determined under rules or guidelines
prescribed by the department of local government finance.
(e) This section applies only to property taxes imposed for an
assessment date before January 1, 2025.
(f) This section expires January 1, 2027.
[Pre-1975 Property Tax Recodification Citation:
6-1-9.5-1.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1977,
P.L.68, SEC.1; Acts 1979, P.L.56, SEC.1; P.L.90-2002, SEC.114;
P.L.113-2010, SEC.25; P.L.68-2025, SEC.34.