[Adopted 5-9-2018 by Ord. No. 99]
A. 
Pursuant to R.I.G.L. § 44-3-3(a)(48) and (49), residential and manufacturing properties that install renewable energy systems are exempt from local taxation.
B. 
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.
C. 
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.
[Added 4-14-2021]
Notwithstanding anything in the Town Code of Ordinances to the contrary, the Town Council is hereby authorized to:
A. 
Enter any tax stabilization agreement (TSA) allowed under Title 44, Chapter 3, Section 9 of the Rhode Island General Laws,[1] and such TSA may last for up to 25 years, as authorized by that statute; and
[1]
Editor's Note: See R.I.G.L. § 44-3-9.
B. 
Exempt from taxation and enter into a payment in lieu of taxes (PILOT) agreement for any renewable energy system located in Town, as authorized by Title 44, Chapter 3, Section 21 of the Rhode Island General Laws, and such PILOT agreement may last for a period of time to be determined by the Town Council.
A. 
In accordance with R.I.G.L. § 44-5-3(c), the Town 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.
B. 
In accordance with R.I.G.L. § 44-3-21, the Town 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.
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) 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. 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.