You will find a great deal of information available to you here including access to property information, exemption forms, property tax related RCW’s, our SCOPI mapping tool, etc. Each year, Net Metering Reserve kWh that remain after March 31st will be reset to zero.Welcome to the Snohomish County Assessor’s Office Website. Net metering kWh that remain after the monthly aggregation process is complete will be “banked” as kWh in the Net Metering Reserve. This reserve can be drawn from and applied to subsequent billing periods to cover additional kWh that are used. There is an annual fee of $30 per meter for this manual process. Solar customers who joined the net metering program prior to Jmay be grandfathered into annual net metering aggregation if they do not qualify for monthly aggregation as defined in Senate Bill 5223. Do not need to be on the same billing schema (rate) as the designated net meter.Must be on the same parcel or on a contiguous property as the designated net meter.Must be on the same contract account as the designated net meter.Requirements specify meters that can be aggregated: Please contact your tax accountant for further information.Īs of July 1, 2019, monthly net metering aggregation is available at no cost for eligible solar customers. (Sources: IRS.gov & Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics ) The tax credit expires starting in 2035 unless Congress renews it. There is no maximum amount that can be claimed. To learn more, visit the Washington State University Energy Program.Ĭongress passed an extension of the Investment Tax Credit (ITC), raising the tax credit to 30% for solar systems installed between 2022-2032. (Systems installed on or before December 31, 2019, were also eligible for a 30% tax credit.) It will decrease to 26% for systems installed in 2033 and to 22% for systems installed in 2034.
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