Florida’s Senate committee has unanimously approved SB 90, a bill that would implement Amendment 4, which makes solar and renewable energy equipment on commercial buildings exempt from property taxes for 20 years, beginning in 2018.
The legislation officially implements the decision that was set out in an August ballot measure, and overwhelmingly approved by 73% of voters. With the Senate committee approval, it is one step closer to being a key driver in the lowering of energy costs in the Sunshine State.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Amendment 4 received widespread bipartisan support, unlike the controversial Amendment 1 that would have prohibited third-party solar ownership.
“This bill will further encourage growth in clean energy jobs in our state,” said Jeff Brandes, bill sponsor. “We will be in a better position to take advantage of increased energy diversity while addressing environmental concerns. Florida should be a leader in solar, and the passage of this bill brings us one step closer to that reality.”
