Two bills authored by State Senator Tony Strickland that would authorize a property tax exemption for the instillation of small wind turbines or geothermal heat pump systems, passed the Senate Revenue and Taxation Committee on Wednesday.
“I’m working with Democrats and Republicans to change California to a renewable energy economy to create jobs, reduce our dependence on foreign oil, improve the environment, and lower energy prices. By focusing on legislation that promotes renewable, clean energy, we promote local businesses. When businesses grow, jobs multiply,” said Strickland.
SCA 13 amends the California Constitution to include as a property tax exemption the new construction of a small wind turbine or a geothermal heat pump system on or after January 1, 2010. SB 534 defines the small wind turbines and the geothermal heat pump systems for purposes of the “new construction” property exemption under SCA 13.
This bill and constitutional amendment will help achieve California’s 33% renewable energy goal by 2020. The property tax exemptions will expand the renewable energy options for tax payers with the addition of small wind turbines and geothermal heat pump systems.
“California is squeezed between an economic crisis and an energy crisis that requires us to fundamentally rethink how we do business. We need to offer tax credits and incentives for individuals and businesses that transition to renewable, clean energy. SCA 13/SB 534 will take us into the 21st century, and will help California become more energy-efficient,” Strickland added.
SCA 13 will now go to the Senate floor for a vote while SB 534 will go to the Appropriations Committee.