[Adopted 8-6-2015, effective 8-6-2015; amended in its entirety 12-7-2017, effective 12-7-2017]
A. 
Findings.
(1) 
Pursuant to R.I.G.L. § 44-3-3(a)(48) and (49), certain residential and manufacturing properties that install renewable energy systems are exempt from local taxation.
(2) 
Pursuant to R.I.G.L. § 44-5-3(c) through (e), commercial renewable energy systems shall be subject to a tangible tax payment to the municipality through rules and regulations that have been adopted by the Rhode Island Office of Energy Resources for all commercial renewable energy systems.
(3) 
Pursuant to R.I.G.L. § 44-3-21, city or town councils of the various cities and towns may, by ordinance, exempt from taxation any renewable energy system located in the city or town.
B. 
Action.
(1) 
In accordance with R.I.G.L. § 44-5-3(c), the Town of Glocester hereby authorizes its assessor to levy a tax on renewable energy tangible property as defined in R.I.G.L. § 39-26-5 in accordance with the rules and regulations executed by the Rhode Island Office of Energy Resources.
(2) 
In accordance with R.I.G.L. § 44-3-21, the Town of Glocester hereby exempts from taxation commercial net-metered renewable energy systems whose sole purpose is to offset electricity bills and not to sell power back to the electric distribution system.
(3) 
Property owners installing renewable energy systems shall be required to provide the interconnection application between the renewable energy developer and the electric distribution company (National Grid or Pascoag Utility) and any documentation of program enrollment (e.g., renewable energy growth or net metering enrollment forms) to the Town, indicating if the renewable energy system is net-metered or if the system is selling a portion or all of the energy produced back to National Grid under the Renewable Energy Growth Program.
(4) 
A copy of the final interconnection service agreement executed between the renewable energy developer and electric distribution company shall be provided to the Town prior to construction of the renewable energy system.
C. 
Effective. This article shall take effect upon passage by the Town Council.