Texas Tax Code

§ 23.26 — SOLAR ENERGY PROPERTY

TX § 23.26Title 1. PROPERTY TAX CODE · Part D. APPRAISAL AND ASSESSMENT · Ch. 23. APPRAISAL METHODS AND PROCEDURES · Art. B. SPECIAL APPRAISAL PROVISIONS

Statute text

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(a)In this section, "solar energy property" means a "solar energy device" as defined by Section 11.27(c)(1) that is used for a commercial purpose, including a commercial storage device, power conditioning equipment, transfer equipment, and necessary parts for the device and equipment.

(b)This section applies only to solar energy property that is constructed or installed on or after January 1, 2014.

(c)The chief appraiser shall use the cost method of appraisal to determine the market value of solar energy property.

(d)To determine the market value of solar energy property using the cost method of appraisal, the chief appraiser shall:

(1)use cost data obtained from generally accepted sources;

(2)make any appropriate adjustment for physical, functional, or economic obsolescence and any other justifiable factor; and

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Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 687 (H.B. 2500), Sec. 1, eff. January 1, 2014.