1. (a) This section applies only to a solar power device that is installed after December 31, 2011.

2. (b) This section does not apply to a solar power device that is owned or operated by a person that provides electricity at wholesale or retail for consideration other than a person that:

   1. (1) participates in a net metering or feed-in-tariff program offered by an electric utility with respect to the solar power device; or
   2. (2) is the owner or host of the solar power device site and a person consumes on the site the equivalent amount of electricity that is generated by the solar power device on an annual basis even if the electricity is sold to a public utility, including a solar power device directly serving a public utility's business operations site.
3. (c) For purposes of this section, "solar power device" means a device, such as a solar thermal, a photovoltaic, or other solar energy system, that is designed to use the radiant light or heat from the sun to produce electricity.

4. (d) The owner of real property equipped with a solar power device that is assessed as a real property improvement may have deducted annually from the assessed value of the real property an amount equal to:

   1. (1) the assessed value of the real property with the solar power device included; minus
   2. (2) the assessed value of the real property without the solar power device.

5. (e) The owner of a solar power device that is assessed as:

   1. (1) distributable property under IC 6-1.1-8 ; or

   2. (2) personal property;

      may have deducted annually the assessed value of the solar power device.

6. (f) This section applies only to property taxes imposed for an assessment date before January 1, 2025.
7. (g) This section expires January 1, 2027.

As added by P.L.137-2012, SEC.15. Amended by P.L.68-2025, SEC.35.