Renewable Energy Systems Tax Credit (Corporate)

Renewable Energy Systems Tax Credit (Corporate);
State: Utah

  • Incentive Type: Corporate Tax Credit
  • Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps, Solar Pool Heating, Anaerobic Digestion, Geothermal Direct-Use
  • Applicable Sectors: Commercial, Residential, Construction, Installer/Contractor, Multi-Family Residential
  • Amount: Residential: 25%
  • Commercial wind, geothermal electric, and biomass systems 660 kW or greater: 0.35ยข/kWh ($0.0035/kWh) for 4 years
  • Other commercial systems: 10%
  • Maximum Incentive: Residential: $2,000
  • Commercial wind, geothermal electric, and biomass systems 660 kW or greater: no limit
  • Other commercial systems: $50,000
  • Eligible System Size: Not specified
  • Equipment Requirements: System must be in compliance with all applicable performance and safety standards; must obtain certification from the State Energy Program; individuals who wish to design their own system may be exempt from certain system requirements.
  • Carryover Provisions: Residential: excess credit may be carried forward four years
  • Commercial: may not be carried forward or back.
  • Program Start Date: 01/01/01, amendments effective 01/01/07
  • Program Expiration Date: Not specified (see summary)
  • Web Site: http://geology.utah.gov/sep/incentives/rincentives.htm#retaxcred

Contact:

Elise Brown
State Energy Program
1594 West North Temple, Suite 3110
PO Box 146100
Salt Lake City, UT 84114
Phone: (801) 537-3365
Fax: (801) 538-4795
E-Mail: elisebrown@utah.gov
Web Site: http://geology.utah.gov/sep/

Public Information
Utah State Tax Commission
210 North 1950 West
Salt Lake City, UT 84134
Phone: (801) 297-2200
Phone 2: (800) 662-4335
Fax: (801) 297-6358
Web Site: http://tax.utah.gov/index.html