Tax Credit for Renewable Energy Facilities

Tax Credit for Renewable Energy Facilities;
State: Kentucky

  • Incentive Type: Corporate Tax Credit
  • Eligible Renewable/Other Technologies: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric
  • Applicable Sectors: Commercial
  • Amount: Negotiated on a case by case basis with the Kentucky Economic Development Finance Authority
  • Maximum Incentive: 50% of capital investment
  • Eligible System Size: 50 kW minimum for solar power, 1 MW minimum for wind power, biomass, landfill gas, hydropower or similar resource
  • Carryover Provisions: Negotiated incentive package may not exceed 25 years
  • Funding Source: General Funds
  • Program Start Date: 1/1/2008
  • Web Site: http://www.thinkkentucky.com/kyedc/pdfs/IEIA.pdf

Contact:

Don Goodin
Kentucky Cabinet for Economic Development
Department of Financial Incentives
Old Capitol Annex
300 West Broadway
Frankfort, KY 40601
Phone: (502) 564-4554 Ext.3413
E-Mail: Don.Goodin@ky.gov
Web Site: http://www.thinkkentucky.com/

Taxpayer Services
Kentucky Department of Revenue
501 High Street
Frankfort, KY 40620
Phone: (502) 564-4581
Phone 2: (502) 564-3875
Web Site: http://revenue.ky.gov/