Solar Exemption

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Solar Energy Exemption

The solar exemption was adopted by a majority vote in 2014, to exempt the assessed value of solar related equipment, for property tax purposes. The tax exemption shall only be in the amount of 100% of the assessed value of qualifying solar related equipment under these statutes. Per RSA 72:61, a “solar energy system” means a system which utilizes solar energy to heat or cool the interior of a building or to heat water for use in a building and which includes one or more collectors and a storage container. “Solar energy system” also means a system which provides electricity for a building by the use of photovoltaic panels.

Solar related equipment had not been assessed or specified on the town property records cards at that time. When the exemption was adopted the assessing department began collecting the information and designating it on the property record card, without adding any value. In 2021 the assessing department determined all the solar equipment had been located and specified on the property record cards. It was determined the increased market value for having solar panels is approximately five hundred dollars ($500.00) per panel. The exemption amount is therefore consistent at $500.00 per panel. 

From here forward all properties with solar related equipment will be required to submit a PA-29 form and questionnaire to receive the solar exemption.

 

An FAQ document created by the Energy Committee can be found here with helpful tips on how to apply for the exemption.

 

Solar Tax Exemption Guidelines (RSA72:62)

The solar panels must be installed prior to April 1st of the year you are applying for.

 

Filing Deadline:

The completed (PA29) form and a copy of the solar questionnaire must be submitted prior to April 15th of the year you are applying for the exemption.

 

Notify the Assessor's Office at jwhitten@exeternh.gov with any changes of address.

If you have any questions, please call the Assessor’s Office at 773-6110