Florida residents can obtain lower energy costs, lower taxes and get more access to solar by casting a yes vote on Amendment 4 on August 30. If passed, the amendment will exempt solar systems from the burdensome tangible personal property tax for a period of 20 years.
A yes vote by at least 60 percent of registered voters will allow the amendment to become law and remove property and real estate taxes on solar energy systems, lowering the cost to lease or buy solar panels for homes and businesses. This makes solar more affordable and accessible for everyone. Better solar economics means more solar development to lay the groundwork for cleaner air and a more sustainable future for the state.
Amendment 4 should not be confused with a utility-backed proposal on the November ballot. Here is the full text of Amendment 4 as it will appear on the August 30 primary ballot.
Solar Devices or Renewable Energy Source Devices; Exemption from Certain Taxation and Assessment
“Proposing an amendment to the state constitution to authorize the legislature, by general law, to exempt from ad valorem taxation the assessed value of solar or renewable energy source devices subject to tangible personal property tax, and to authorize the legislature, by general law, to prohibit consideration of such devices in assessing the value of real property for ad valorem taxation purposes. This amendment takes effect January 1, 2018, and expires on December 31, 2037.”
For more information and to vote by mail, visit YesOn4.org.