Arizona Laws 42-12056. Renewable energy systems valuation; definition
Current as of: 2024 | Check for updates
|
Other versions
A. For properties subject to this chapter and that are class three as defined in section 42-12003 or class four as defined in section 42-12004, renewable energy systems and any other device or system designed primarily for the production of renewable energy in which the majority of the energy is consumed on-site, are considered to add no value to the property.
Terms Used In Arizona Laws 42-12056
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Property: includes both real and personal property. See Arizona Laws 1-215
B. For the purposes of this section, "renewable energy systems" means electric generation systems and electric transmission and distribution that is used or useful for the generation, storage, transmission or distribution of electric power, energy or fuel derived from solar, wind or other nonpetroleum renewable sources, including materials and supplies.