[Adopted ATM 4-12-1978 by Ord. No. 26; amended in its entirety
ATM 5-10-2011]
Any Class I renewable energy source, hydropower facility, solar
water or space heating system or geothermal energy source installed
for the generation of electricity for private residential or farm
use is declared to be exempt from Town property taxes to the extent
permitted by C.G.S. § 12-81(57), as amended from time to
time.
Any cogeneration system installed, added to or constructed in
any building after July 1, 2007, is declared to be exempt from Town
property taxes to the extent permitted by C.G.S. § 12-81(63),
as amended from time to time. This exemption shall apply for a period
of five assessment years following the installation of the system.
The applicant shall be required to make a payment in lieu of taxes
in each assessment year of the agreement equal to 50% of the taxes
which would otherwise be due in the absence of the exemption. Any
agreement which allows for the exemption and payment in lieu of taxes
shall be submitted to a Town Meeting for its approval or rejection.
