This is a tangible personal property exemption where 80% of the assessed value is exempt from ad valorem taxation for any renewable energy source device, as defined in Florida Statute 193.624, if installed on real property on or after January 1, 2018, or if installed before January 1, 2018, to supply a municipal electric utility located within a consolidated government, or if installed after August 30, 2016, on municipal land as part of a project incorporating other renewable energy source devices under common ownership on municipal land for the sole purpose of supplying a municipal electric utility with at least 2 megawatts and no more than 5 megawatts of alternating current power when the renewable energy source devices in the project are used together.
This exemption does not apply to a renewable energy source device that is installed as part of a project planned within a fiscally constrained county, as defined in Florida Statute 218.67(1), and for which an application for a comprehensive plan amendment or planned unit development zoning has been filed with the county on or before December 31, 2017. (Florida Statute 196.182)
These types of assets need to be identified on the Tangible Personal Property Tax Return.