Ultimately, whether solar panels can increase your property taxes depends on where you live. Some states, like North Carolina, Texas and Indiana have a property tax exemption in place to make adding solar panels to your home an even more appealing choice. We’ll discuss the specifics of property tax exemptions in each state that POWERHOME SOLAR covers so you’ll have all the information you need to make an informed choice. We’ll also discuss how solar panels could be an affordable choice for your home!
Does Your State Have A Solar Property Tax Exemption?
- Georgia: None
- Illinois: Illinois requires a special assessment of your property and solar panels in order to receive a property tax exemption.
- Indiana: Indiana homeowners are 100% exempt from property taxes on their solar panels. However, the exemption is not applicable if the ownership of the property changes.
- Kansas: Solar panels in Kansas are 100% exempt from property taxes.
- Kentucky: There is currently no property tax exemption for Kentucky residents.
- Michigan: Michigan homeowners are 100% exempt from property taxes.
- Missouri: There is a 100% property tax exemption for solar panels in Missouri.
- North Carolina: North Carolina has an 80% property tax exemption for solar panels.
- Ohio: There is a 100% property tax exemption for solar panels in Ohio.
- Pennsylvania: There is no tax exemption for solar panels currently in place in Pennsylvania.
- South Carolina: Currently, South Carolina has no tax exemption in place for solar panels.
- Tennessee: The tax value of solar panels is no more than 12.5% of the cost of their installation.
- Texas: Solar panels in Texas have a 100% property tax exemption.
- Virginia: The state of Virginia offers individual counties and cities the opportunity to exempt solar panels from property taxes. This is known as a “local option.”
- West Virginia: There is currently no property tax exemption in place for solar panels in West Virginia.
While the above list reflects property tax exemptions for solar systems in the listed states, this information is subject to change, so we always suggest you contact your personal tax advisor or local property appraiser to determine what works best for your personal circumstances.
Affordable Solar Power Is Within Reach
Another concern of homeowners interested in going solar is the overall affordability of solar panel systems. That’s why we’re glad to tell you how solar power has evolved recently.
Solar energy has become a more affordable option over the last few years with technological advances in the manufacturing processes for solar panels. POWERHOME SOLAR is proud to offer high-quality, American-made solar panels to our customers. These customers can then own a lasting source of solar power for years to come — and the potential savings and environmental benefits that come along with that.
By owning their power, our customers could potentially cut costs on their electric bills. That could mean thousands of dollars in potential savings over time thanks to our solar panels. With that in mind, solar panels can be a valuable investment for your home’s energy needs, especially if you’re interested in lowering your carbon footprint too.
Ready to Go Solar?
POWERHOME SOLAR’s expert team can help you come up with a customized solar solution that works perfectly for your home. To talk through the specifics and receive your free custom quote, contact us today!