Qualified Energy Property Tax Exemption for Projects over 250 kW (Payment in Lieu)
This program provides owners (or lessees) of renewable energy projects with an exemption from the public utility tangible personal property tax. A person may apply to the director of development for certification of an energy project as a qualified energy project on or before December 31, 2028, for an energy project using renewable energy resources
For Whom
In order to qualify, the owner or lessee subject to sale leaseback transaction must apply to the Ohio Department of Development on or before December 31, 2028 for renewable energy projects.
Large projects (above 20 mega-watts) require