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Renewable Energy Facility Sales and Use Tax Reimbursement

Under the Reinvestment Payment Program, new projects with costs exceeding $20,000,000 or with equipment upgrades greater than $2,000,000 can apply for a reinvestment payment no later than 90 days after starting construction. If the Board of Economic Development approves an application, a project owner will be returned all the taxes owed on a project. 

Policy Type:

Tax Incentive

Sources:

https://programs.dsireusa.org/system/program/detail/5422/renewable-energy-facility-sales-and-use-tax-reimbursement
https://sdlegislature.gov/Session/Bill/4415/27421

Technologies:

Biogas, Biomass, Geothermal, Green Hydrogen, Landfill Gas, Renewable Electrification, Renewable Natural Gas/Biomethane, Solar Thermal

Sunset Date:

Date Updated:

01/27/2023

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The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions. 

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