Avon Town Council Approves Temporary Tax Credit for Renewable Energy Production Components
For Immediate Release | April 18, 2016
Contact: Justin Hildreth, Town Engineer
970-748-4045 | email@example.com
Avon, CO – On April 12, 2016, the Avon Town Council approved an ordinance enacting a temporary sales tax credit for the installation of renewable energy production components. Materials eligible for the credit include components used in the production of electricity, generation of heat or cooling of air, and from a renewable energy source, including but not limited to wind, solar, solar thermal systems, and geothermal energy systems. The Council found that providing an incentive to encourage the installation of renewable energy production components will promote a community goal to conserve environmental resources. The tax credit for the installation of $15,000 in solar panel materials would amount to a savings of $600 for the taxpayer. The Council also directed Town staff to waive planning review and building permit fees for renewable energy products.
The effective date of the temporary credit was set at April 13, 2016, making all purchases of renewable energy production components on or after that date eligible for the credit. The credit is set to expire on December 31, 2018.
For more information contact Justin Hildreth, Town Engineer, at 970-748-4045 or firstname.lastname@example.org.