Federal*
Incentives/Policies for Renewables & Efficiency
Source:
http://www.dsireusa.org/
Modified Accelerated Cost-Recovery System (MACRS)
Incentive Type: Corporate Depreciation
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Solar Hybrid Lighting, Anaerobic Digestion, Microturbines
Applicable Sectors: Commercial, Industrial
Full Details visit
DSIRE- MACRS
Business Energy Investment Tax Credit (ITC)
Incentive Type: Corporate Tax Credit
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaic, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, CHP/Cogeneration, Solar Hybrid Lighting, Microturbines
Applicable Sectors: Commercial, Industrial, Utility
Amount: 30% for solar, fuel cells and small wind; 10% for geothermal, microturbines and CHP
Full Details visit
DSIRE- ITC
Residential Renewable Energy Tax Credit
Incentive Type: Personal Tax Credit
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies
Applicable Sectors: Residential
Amount: 30%
Maximum Incentive:
Solar-electric systems placed in service before 1/1/2009: $2,000
Solar-electric systems placed in service after 12/31/2008: no maximum
Solar water heaters placed in service before 1/1/2009: $2,000
Solar water heaters placed in service after 12/31/2008: no maximum
Wind turbines placed in service in 2008: $4,000
Wind turbines placed in service after 12/31/2008: no maximum
Geothermal heat pumps placed in service in 2008: $2,000
Geothermal heat pumps placed in service after 12/31/2008: no maximum
Fuel cells: $500 per 0.5 kW
Carryover Provisions: Excess credit may be carried forward to succeeding tax year
Full Details visit
DSIRE- Residential
*Full list of federal programs offered visit
DSIRE-Federal
State of Hawaii
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaic, Wind
Applicable Sectors: Commercial, Residential, Multi-Family Residential
Maximum Incentive: Varies by technology and property type (see summary for details)
Carryover Provisions: Credit may be carried forward until exhausted.
Summary:
For solar thermal energy systems, the maximum allowable credits are as follows:
-Single family residential property is eligible for a credit of 35% of the actual cost or $2,250, whichever is less; -Multi-family residential property is eligible for a credit of 35% of the actual cost or $350 per unit, whichever is less; and -Commercial property is eligible for a credit of 35% of the actual cost or $250,000, whichever is less.
For photovoltaic systems, the maximum allowable credits are as follows:
-Single family residential property is eligible for a credit of 35% of the actual cost or $5,000, whichever is less; -Multi-family residential property is eligible for a credit of 35% of the actual cost or $350 per unit, whichever is less; and -Commercial property is eligible for a credit of 35% of the actual cost or $500,000, whichever is less.
For wind powered energy systems the maximum allowable credits are as follows:
-Single family residential property is eligible for a credit of 20% of the actual cost or $1,500, whichever is less; -Multi-family residential property is eligible for a credit of 20% of the actual cost or $200 per unit, whichever is less; and -Commercial property is eligible for a credit of 20% of the actual cost or $500,000, whichever is less.
For a full list of all State of Hawaii tax programs visit
DSIRE-Hawaii