- Associated Press - Thursday, February 11, 2016

NASHUA, N.H. (AP) - New legislation approved by aldermen in Nashua allows for home and business owners to install solar energy systems without raising their property taxes.

The Nashua Telegraph reports (http://bit.ly/1muPvnf ) the new measure, approved Wednesday, increases the exemption of the assessed value of a solar energy system for tax purposes so it would cover the entire cost of the system, which aldermen estimated could range from $15,000 to $20,000.

Previously, Nashua exempted up to $5,000 of the system’s assessed value.

The bill was backed by Mayor Jim Donchess and 10 aldermen.

Ward 3 Alderman David Schoneman supported the measure, but cautioned that the city should be careful about granting exemptions to property assessments that “actually add a real market value.”

Property owners must apply for the exemption by April 15.

___

Information from: The Telegraph, http://www.nashuatelegraph.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide