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2026 Renewable Template for Estimating Property Taxes for Qualified State Assessed Renewables
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State of Colorado - State Assessed Properties
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FOR PROJECTS IN SERVICE BEFORE JANUARY 1, 2012
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Instructions: (the form is pre-populated to indicate continued integrity of the formulas)
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Please complete what is highlighted in Yellow
Colorado Threshold Rate History 2018-2026
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Annual Factors
For State Assessed Qualified Renewable Energy Facilities
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Rated Plant Capacity
60.0MW (AC)Nameplate MWacNameplate kWac201820192020202120222023202420252026
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Annual Production
157,680MWh0.000 - 2.0000 - 2,000$1,227$1,248$1,267$511$560$600$615$617$679
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Annual Capacity Factor
30%%2.001 - 5.0002,001 - 5,000$1,048$1,103$1,146$511$560$600$615$617$679
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Energy Price (PPA)
$50$/MWh5.001 - 10.0005,001 - 10,000$912$964$1,001$511$560$600$615$617$679
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Energy Price Escalation Factor (PPA)
0.00%% per year10.001 - 50.00010,001 - 50,000$621$635$645$638$640$647$659$681$712
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Projected Gross Revenue
$7,884,000MWh x price50.001 - 100.00050,001 - 100,000$499$511$518$514$506$502$503$513$530
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2025 Mill Levy (decimal)
0.07555075.5500 100.001-200.000100,001-200,000$354$342$334$328$319$324$342$360$381
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Capital Cost Threshold
$530$/kW>200.001>200,001N/AN/AN/AN/AN/A$307$303$299$298
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Non-renewable Equiv. Capital Cost
$31,812,000w/o intertie line
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Unhide the missing rows (24-44) to see the depreciating cost basis annual estimated property tax payments, which are converted into level payments below.
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Benchmark Calculations
20 Year Projected Property Tax
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Based on Depreciating Non-Renewable Cost Basis:
Total Tax Paid Over
Annual Levelized
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Twenty Year Assessed Value Total Estimate
$24,125,29520-years$6,031,324 Equivalent $301,566
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Annual Energy Production (MWh)Energy Price AssumptionGross Energy RevenueTax Factor*Actual ValueAssessment RateAssessed ValuePrior Year's Mill Levy %Projected Property Tax Payment
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Year 1 157,680 $50.00$7,884,000 2.02 $15,934,57426.00%$4,142,9897.5550%$313,003
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Year 2 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 3 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 4 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 5 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 6 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 7 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 8 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 9 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 10 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 11 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 12 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 13 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 14 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 15 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 16 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 17 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 18 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 19 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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Year 20 157,680 $50.00$7,884,000 2.02 $15,934,57425.00%$3,983,6437.5550%$300,964
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PROJECTED 20-YEAR PROPERTY TAX REVENUE (income basis)
$6,031,324
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* Tax Factor: Equivalent to a gross income multiplier without income from renewable energy income tax credits.
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