Section 12-6-3775 of the South Carolina Income Tax Act states that taxpayers can receive an income credit equal to 25% of the costs associated with solar energy property based on certain stipulations. “Solar energy property” is defined as nonresidential solar energy equipment with at least
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
South Dakota offers a property tax incentive for electricity-producing renewable energy facilities with less than 5 MW of nameplate capacity. The incentive may not exceed either $50,000 or 70% of the assessed value of the property, whichever is greater. The tax exempts commercial geothermal facilities
This program provides an exemption from Texas’ franchise tax, which is equivalent to a corporate tax. Section 171.107 of the tax code, which contains more information, specifies solar energy devices with thermal applications as well as for storage are eligible. There is no ceiling on
Under tax law, individuals are entitled to exemption from taxation on the appraised value of real property arising from a solar or wind-powered device used for on-site energy production and distribution. The law specifies that solar thermal and thermal storage systems qualify for the exemption,
Section 43-3.3 of the Rhode Island General Laws outlines properties exempt from taxation. Clause 49 describes that for manufacturers, properties eligible for exemption include renewable energy resources, as defined in section 39-26-5.
Under Section 307.175, alternative energy systems are exempt from ad valorem property taxation, including solar, geothermal, and biogas (“methane gas”).
In Oregon, cities and counties can set up Rural Renewable Energy Development Zones. Within these zones, commercial renewable energy properties are eligible for a 3-5 year local property tax exemption. Renewable technologies include geothermal, solar thermal, biomass, and “other unconventional forms of energy to generate
This tax credit applies to new or renovated sustainable buildings that utilize certain upgrades, such as air source and water source heat pumps, to increase energy efficiency or energy conservation. As of 2021, this tax credit requires a higher level of LEED certification for a
Property containing certain renewable energy projects such as solar energy or farm waste energy may be exempted from property taxation for 15 years. Local governments must determine whether to implement this incentive.
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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.
