LEED For Existing Buildings (Nevada) - Incentives

"Anyone who doesn't take truth seriously in small matters cannot be trusted in large ones either." ~ Albert Einstein

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Many states have unique property tax incentives for pursuing efficiency measures for a variety of buildings. Property tax incentives include exemptions, exclusions and credits (on a per-state basis): See what is available in your state.
http://en.openei.org/wiki/Property_Tax_Incentive

Aside from the obvious fact that it makes sense to retrofit buildings to be more energy efficient for a plethora of reasons, there are tax incentives that make the proposition even more attractive.

This blog addresses the common questions, such as:
What are the incentives? Where can I find the pertinent information? What is required to achieve the incentives?

For Nevada, there is the Property Tax Abatement for Green Buildings, which applies to Commercial, Industrial, Multi-Family Residential sectors. The incentive is active at this time.
Eligible Technologies include Comprehensive Measures/Whole Building, Passive Solar Space Heat, Solar Water Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Electric, Daylighting, Anaerobic Digestion, Small Hydroelectric
Last Updated at DSIRE 2010-02-11


The abatement grants abatement based on the LEED level of certificiation achieved. For example, the minimum rating accepted in LEED Silver, which offers 25% reduction of the property tax payable each year  Next is LEED Gold which offers a 30% reduction of the property tax payable each yea. Lastly, r LEED Platinum with a 35% reduction of the property tax payable each year Abatement can last for no more than 10 years.
Website http://energy.state.nv.us/GreenBuildingAbatement.htm


Pertinent References:
Bill: AB 621 - 2007
Statutory Authority: NRS 701A.100 and 701A.110
Regulation: NAC 701A.010 – 290


"The Nevada State Office of Energy is pleased to announce that after consulting with the US Green Building Council, NSOE Director Groth has decided that we will be accepting EB O&M LEED project registrations for partial property tax abatement. Since the change from EB to EB O&M does not include the introduction of a new rating system, there is no requirement to wait two years prior to adoption."


DSIRE - Database of State incentives for Renewables & Efficiency
http://www.dsireusa.org/incentives/index.cfm?CurrentPageID=1&State=NV&RE=1&EE=1

."Not everything that counts can be counted, and not everything that can be counted counts." (Sign hanging in Einstein's office at Princeton)

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