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Earlier this year, the Connecticut General Assembly mandated a study of the possible implementation of a uniform capacity tax on solar photovoltaic (PV) systems in lieu of traditional personal and real property taxation. See Public Act 24-31, Section 1, linked below. The study is being conducted by the Department of Energy and Environmental Protection (DEEP) in consultation with the Office of Policy and Management (OPM) with a due date of January 1, 2025. It will review the current state of taxation of solar PV systems, evaluate the pros and cons of replacing the current system with a statewide uniform capacity tax for these facilities and suggest possible legislative changes. This effort is noteworthy as it will explore a novel method to tax solar PV systems that would promote their development while being fair to the taxing municipalities.
Interested parties and members of the public have the ability to submit general comments on the subject of the study by October 4 at 4:00 p.m. EST. More details about this opportunity can be found in the notice recently issued by DEEP. The comments submitted will inform a draft report which will also be subject to public comment before it is finalized.
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Alerts, commentary, and insights from the attorneys of Pullman & Comley’s Property Tax and Valuation practice with timely information for businesses, nonprofits and individuals in commercial property tax appeals and eminent domain matters.