Tax Commission

Wind or Solar Electric Generation Facility Capacity Tax AND Energy Project Assesment

Beginning January 1, 2026, there is annually levied a tax by multiplying the megawatts, or portion of megawatts, of operational generating alternating current nameplate capacity of a wind or solar electric generation facility owned by the renewable energy project entity by $1,050 on a renewable energy project entity in the state for each calendar year. following the calendar year in which a wind or solar electric generation facility owned by the renewable energy project entity becomes commercially operational.

Beginning January 1, 2026, each renewable energy parent entity with an eligible facility that is commercially operational in the state shall pay an annual energy project assessment to the tax commission before March 1 of each year.