Declares that "community-based solar energy project" means a cooperative venture of local citizens and a local government entity, which is voluntarily funded, for the installation of photovoltaic systems of less than one hundred thirty kilowatts on property owned by the participating governmental entity.

Declares that a "local governmental entity" means any unit of local government of this state including, but not limited to, counties, cities, towns, municipal corporations, quasi-municipal corporations, special purpose districts, and school districts.

Provides that, for the purpose of calculating the annual incentive limit under this act, community-based solar projects that are located on separate parcels of property, are not to be combined, as each project is individually eligible for incentives of up to two thousand dollars per year per project.