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Renewable Energy Systems Tax Credit

Eligible States UT
Type Tax Credit
Area of Interest Renewable Energy
Description

Utah offers state income tax credits for renewable energy systems placed into service on or after January 1, 2007. Residential systems receive 25 percent of equipment and installation cost (maximum of $2,000 per residential unit). Eligible biomass systems under the residential program must produce either fuel or electricity.

Commercial systems receive a 10 percent tax credit (maximum of $50,000) for wind, geothermal electric, and biomass systems less than 600 kilowatts. For systems with a total capacity of 600 kilowatts or greater, the commercial tax credit is $0.35 per kilowatt-hour for four years. Entities which lease eligible systems are also eligible for the credit.

Eligible Organizations Livestock Producer, Commercial/Industrial Business, Residential, Small Business
How to Apply To receive a tax credit for installing a renewable energy system, a taxpayer must submit an application to the Utah Geological Survey's State Energy Program for certification of a system's eligibility and the amount of any tax credit that may be claimed. When a tax credit has been certified, the taxpayer will receive a completed Utah State Tax Commission Form TC-40E that the taxpayer may use to document a tax credit claimed on his or her tax return.
For More Information http://www.energy.utah.gov/renewable_energy/renewable_incentives.htm Exit EPA Disclaimer
Primary Contact Jeffrey Barrett
State Energy Program
195 N 1950 West
2nd Floor
P.O. Box 146100
Salt Lake City, UT 84116
(801) 536-0210
jhbarrett@utah.gov

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