Source: http://www.wvlegislature.gov/bill_status/bills_text.cfm?billdoc=hb2535%20intr.htm&yr=2009&sesstype=RS&i=2535
Timestamp: 2018-02-25 21:57:07
Document Index: 222714128

Matched Legal Cases: ['§11', '§11', '§11', '§11', '§11', '§11', '§11', '§11', '§11', '§11']

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A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated §11-13Z-1, §11-13Z-2, §11-13Z-3 and §11-13Z-4, all relating to creating a tax credit for certain solar energy systems; providing for restrictions of use; requiring public electric utilities to credit customers for excess electricity generated; and requiring Tax Commissioner to promulgate rules for claiming and applying tax credit.
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new article, designated §11-13Z-1, §11-13Z-2, §11-13Z-3 and §11-13Z-4, all to read as follows:
Any person who installs a solar energy system on property owned by the taxpayer and used as a residence after July 1, 2009 shall qualify for a state personal income tax credit of thirty percent of the cost to purchase and install the system up to a maximum amount of $2,000.
In order to receive the credit for a solar energy system on residential property, the system must use solar energy to generate electricity, to heat or cool a structure or provide hot water for use in the structure or to provide solar process heat: Provided, That this does not include a swimming pool, hot tub or any other energy storage medium that has a function other than storage and must derive at least fifty percent of its energy to heat or cool from the sun.
§11-13Z-3. Net-metering; credit by public electric utilities for excess electricity generated.
If the solar energy system generates electricity in excess of the monthly retail consumption of electricity of the customer's residence, public electric utilities shall allow the customer owner an offset for the electricity generated from the solar energy system on the customer's side of the meter connected to the residence. If the customer generates electricity in excess of that customers's monthly consumption, all excess energy expressed in kilowatt-hours shall be carried forward from month to month and credited against the person's energy consumption, expressed in kilowatt-hours, in subsequent months at the rate of one and one-half cents a kilowatt hour for the excess electricity generated by the customer's solar energy system and transmitted to the electric utility grid. Public electric utilities shall provide net metering service at nondiscriminating rates and allow the residence owner to generate electricity subject to net metering up to twenty-five kilowatts.
§11-13Z-4. Carryover credit allowed; Tax Commissioner to promulgate rules.
The State Tax Commissioner shall promulgate legislative rules pursuant to the provisions of chapter twenty-nine-a of this code regarding the applicability, method of claiming of the credit recapture of the credit and documentation necessary to claim the credit allowed by this article.
NOTE: The purpose of this bill is to give credit for energy savings when a solar energy system is installed on a residential property.