Are renewable energy systems exempt from property tax in Nevada?
The Nevada statute allows certain new or expanded businesses a 50% property tax abatement for real and personal property used to generate electricity from renewable energy. The exemption may be taken over a 10 year period for a facility with a generating capacity of at least 10 kW. Renewable energy includes biomass, solar, and wind. The definition of biomass includes agricultural crops and agricultural wastes and residues; wood and wood wastes and residues; animal wastes; municipal wastes; and aquatic plants. Note that this exemption does not apply to residential property.
