Taxpayers in South Carolina who purchase and install a solar thermal or geothermal energy system are eligible for a tax credit up to 25% of purchase and installation costs against income tax liability. The credit cannot exceed $3,500 or 50% of the taxpayer’s liability. Unused
Washington offers sales tax exemptions for a range of renewable energy products under the Renewable Energy/Green Incentives section of the Department of Revenue’s website. Eligible renewable energy technologies include biomass, green hydrogen, biogas, and landfill gas systems. Each clause has unique requirements and sunset dates.
Beginning in October 2014, “Class I renewable energy systems” used for commercial and/or industrial purposes are allowed a property tax exemption. To qualify for this exemption, an assessor or board of assessors must file an application before November 1st in the applicable assessment year. The
Section 200/10-10 of the Illinois Compiled Statutes Property Tax Code establishes an alternate valuation assessment for solar energy systems. When the owner of a property with a solar energy system files a claim for an alternate valuation, the chief county assessment officer ascertains both the
Renaissance zones are designated areas with tax benefits for renewable energy facilities in their boundaries. Eligible entities within a renaissance zone can have their corporate income tax, state education tax, personal and real property taxes, or local income taxes abated. Entities can receive abatements on
North Dakota offers a tax exemption up to 100% for gross receipts from the sale of hydrogen used to power internal combustion engines or fuel cells and equipment used to produce or store hydrogen.
The New York State Clean Heat program seeks to increase consumer demand for ground source heat pumps and cold climate air heat pumps by offering rebates and tax incentives. For eligible heat pump contractors, this program provides financial incentives based on certain levels of BTU/hour.
Under the Reinvestment Payment Program, new industrial facilities including investment of at least $20,000,000 or equipment upgrades of any kind worth 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
Manufacturers who produce wood biomass and produce marketable coproducts from biogas are eligible to file income tax under a unique Wood Biomass Fuel B&O tax classification. The tax rate for this classification is .138%. This classification will be available until January 1, 2029.
This is an exemption from sales and use tax for certain solar, geothermal, and wind technologies. Companies engaged in the clean energy technology or renewable energy sector can claim this exemption. Sales and purchases on or after July 1, 2010 are eligible for up to
