Ontario has made changes to the property tax assessment system for property owners who install renewable energy technologies.
The changes will create additional categories for property tax assessment based on the size and location of energy generation. The move is aimed at mitigating rising property assessments due to the installation of renewable energy sources.
The amendments apply to facilities that generate electricity using solar energy, wind energy or anaerobic digestion of organic matter. The amendments take effect as of January 1, 2011.
“Ontario is leading the way when it comes to producing reliable energy from clean, renewable sources. These changes will help ensure that property tax assessment does not discourage property owners from contributing to a green energy system that supports a cleaner environment and healthier families,” said Finance Minister Dwight Duncan.
To learn more about the changes visit the Ministry of Energy website.
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