Extended property tax exclusion will keep clean energy investments in California
Today, the California State Legislature approved a two-year extension of a property tax exclusion for solar projects, providing stability to solar companies facing significant uncertainty around project development as they work to help California meet its climate targets.
Following is statement from Rick Umoff, senior director and counsel, California, at the Solar Energy Industries Association:
“The Legislature’s action to extend the solar property tax exclusion is a critical step to ensure California remains at the forefront of America’s clean energy transition. Since the state instituted the exclusion, California’s solar market has grown to be the largest in the nation, employing over 70,000 people and driving more than $70 billion into local economies statewide.
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