Residential Renewable Energy Tax Credit (Corporate)

Residential Renewable Energy Tax Credit (Corporate);
State: Rhode Island

  • Incentive Type:Corporate Tax Credit
  • Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps
  • Applicable Sectors: Residential
  • Amount:25% of costs
  • Maximum Incenative: Based on maximum system cost of $15,000 for PV, active solar space heating and wind;
  • Based on $7,000 maximum system cost for solar hot water and geothermal
  • Eligible System Size: PV: minimum module size of 24 square feet
  • Solar hot water: minimum collector area of 34 square feet
  • Active solar heating: minimum collector area of 125 square feet
  • Wind: minimum capacity of 250 watts at 28 mph
  • Geothermal: minimum coefficient of performance of 3.4 or minimum efficiency ratio of 16
  • Carryover Provision: Credit may not be carried over to subsequent years
  • Web Site: http://www.energy.ri.gov/programs/renewable.php#taxcredit

Contact:

Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 222-3370
Fax: (401) 222-1260
E-Mail: CHawkins@energy.ri.gov
Web Site: http://www.energy.ri.gov

Public Information
Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Phone: (401) 574-8935
Phone 2: (401) 574-8922
Web Site: http://www.tax.state.ri.us/