MREA Renewable Energy Products
June 24, 2022 – Midwest Renewable Energy Fair Presentation & Handouts for my presentation regarding the seemingly forgotten renewable energy products exemption. For a time there was an explosion of tax credits for installing solar panels and wind turbines, with that the state provided a sales tax exemption for renewable energy products. It is rather narrow and overlaps often with much broader manufacturing exemptions; however, in speaking with a local contractor who services homes with solar thermal panels I reminded them of this exemption. The importance is that if an item is exempt, then parts and services for that item are also exempt. But the key is understanding exactly what is exempt and how to claim the exemption (claiming the exemption for repairs is the same).
For additional questions, contact Holly Hoffman at holly@salestaxlady.com.