Renewable Energy Tax Credit (Corporate)

Renewable Energy Tax Credit (Corporate);
State: Kentucky

  • Incentive Type: Corporate Tax Credit
  • Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps, Combination Active Solar Space-Heating and Water Heating System
  • Applicable Sectors: Commercial, Industrial, Agricultural
  • Amount: PV: $3/W DC
  • All other systems: 30% of eligible costs
  • Maximum Incentive: $1,000 per taxpayer for installations on multi-family residential rental units or commercial property; $500 for single family residential rental unit
  • Equipment Requirements: Solar water heaters must use OG-100 SRCC certified collectors with minimum 5-year warranty.
  • PV systems must meet the requirements of Article 690 of the National Electrical Code, and use solar photovoltaic panels and inverters that are rated and listed by Underwriters Laboratories.
  • Closed loop geothermal heat pumps must have EER of 14.1 and COP of 3.6
  • Open loop geothermal heat pump must have EER of 16.2 and COP of 3.5
  • DX geothermal heat pump must have EER of 15 and COP of 3.5
  • Wind turbines must meet AWEA’s wind industry consensus standards.
  • Installation Requirements: Solar hot water, active solar space heating, and PV systems must be installed by a NABCEP-certified installer.
  • Carryover Provisions: Excess credit may be carried forward for one year
  • Program Start Date: 1/1/2009
  • Program Expiration Date: 12/31/2015

Contact:

Taxpayer Services
Kentucky Department of Revenue
501 High Street
Frankfort, KY 40620
Phone: (502) 564-4581
Fax: (502) 564-3875
Web Site: http://revenue.ky.gov/