Tomorrow is an election day in Florida – we will cast our votes in primaries for state office elections. But tomorrow is also our chance to make one of two votes this year on solar issues. Amendment 4 – the Florida Property Tax Exemptions for Renewable Energy Equipment Amendment
The ballot title is: SOLAR DEVICES OR RENEWABLE ENERGY SOURCE DEVICES; EXEMPTION FROM CERTAIN TAXATION AND ASSESSMENT
According to Yeson4.org,
Amendment 4 will amend Florida’s Constitution to exempt the value of solar panels and other renewable energy equipment from both the tangible personal property tax and the real property tax. To become law, Amendment 4 must be approved by a YES vote of at least 60 percent on the Aug. 30 primary ballot.
Why Support Tax Reductions on Solar Equipment
Several barriers are holding back the solar market in Florida, including the burdensome tangible personal property tax and the real property tax on solar equipment. Amendment 4 will remove those two barriers, lowering bills and energy costs, reducing pollution, and allowing more Florida homes and businesses access to affordable solar power.
In addition to helping customers lock in energy cost savings, and reducing pollution for a more sustainable energy future, Amendment 4 will encourage solar companies to move into Florida, creating new jobs that support the local economy. The solar industry is creating
jobs 20 times faster than the overall economy. The vast majority of those jobs are living-wage opportunities that cannot be outsourced, keeping energy dollars right here at home. It’s a win-win for the whole state.
The Florida constitution currently exempts residential properties from ad valorem taxes on renewable energy sources under Amendment 1 passed in 1980. Amendment 4 extends that exemption to commercial and industrial properties, and to residential solar leases. Amendment 4 will prohibit additional property taxes when property values increase through the addition of solar power equipment.
“Amendment 4 could not only save money for small and mid-size businesses, those savings can be passed on their customers,” said Dominic M. Calabro, president and CEO of Tallahassee-based Florida Taxwatch. “Being green is good business sense in today’s environment. It’s a great thing to do in the Sunshine State, and I think it has very substantial support.”
This amendment should be a “no-brainer” YES vote as it helps make solar power more affordable for everyone here in the Sunshine State.