Tax Incentives

Reduced Tax Rate for Energy-Efficient Buildings

Effective July 1, 2007, the City of Roanoke will offer a reduced real estate tax rate for energy-efficient buildings. This program is for any existing or proposed building which exceeds or is designed to exceed energy efficiency standards as contained in the Uniform Statewide Building Code by 30 percent. The Special Tax Real Estate Rate established by City Council is $1.07 per $100 of the assessed value of the proposed of existing structure versus the regular tax rate of $1.19. This special rate will be imposed for such certified energy-efficient buildings for a term of five years.


Solar Energy Ordinance
Roanoke adopted Solar Energy Ordinance in February 2005. Certified solar equipment, facilities and devices were declared to be a separate class of property and constitute a classification for city taxation separate from other classifications of real or personal property. Owners of real estate in the city to which is attached certified solar energy equipment, facilities or devices or owners of such equipment, facilities, or devices that are taxable as machinery are granted an exemption from taxation on such certified solar energy equipment, facilities or devices.

(see Division 8. TAX EXEMPTION FOR SOLAR ENERGY EQUIPMENT, FACILITIES AND DEVICES)