Renewable Energy Production Tax Credit
| Eligible States | AZ |
| Type | Tax Credit |
| Area of Interest | Renewable Energy |
| Description |
The Arizona Department of Commerce offers a corporate tax credit for renewable energy projects built on or after December 31, 2010 and before January 1, 2021. Tax credits for biomass energy projects (including anaerobic digesters) are $0.01 per kilowatt-hour and are capped at $2 million a year per project. The minimum project size is set at 5 megawatts. |
| Eligible Organizations | Commercial/Industrial Business, Small Business |
| How to Apply | The Department of Commerce will accept applications between January 2 and January 31 of the year following that for which the tax credits are being claimed. Applications will be reviewed on a first-come, first-served basis until the annual maximum of $20 million has been reached. |
| For More Information | http://www.azleg.gov/FormatDocument.asp?inDoc=/legtext/49leg/2r/bills/sb1254h.htm  |
| Primary Contact | Tax Assistance Arizona Department of Revenue 1600 W. Monroe Phoenix, AZ 85007 (602) 255-3381 |