15-6-224. Nonfossil energy generation. The following portions of the appraised value of a capital investment in a recognized nonfossil form of energy generation or low-emission wood or biomass combustion devices, as defined in 15-32-102, are exempt from taxation for a period of 10 years following installation of the property:
     (1) $20,000 in the case of a single-family residential dwelling;
     (2) $100,000 in the case of a multifamily residential dwelling or a nonresidential structure.

     History: En. Sec. 12, Ch. 532, L. 2005.