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Investment Tax Credit/Grant for Microturbines and Fuel Cells |
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| Type of Incentive |
Tax |
| Eligible States |
National
|
| Eligible Technology |
Fuel Cell, Microturbine |
| Eligible Fuel |
Biogas, Biomass, Hydrogen, LFG, Natural Gas |
| Eligible Project Size |
Microturbines (< 2 MW); Fuel Cells (> 0. |
| Number of Awards |
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| Size of Award |
Microturbines: The credit is equal to 10 percent of expenditures, with no maximum credit limit stated (explicitly). The credit for microturbines is capped at $200 per kW of capacity. Fuel Cells: The credit is equal to 30 percent of expenditures, with no maximum credit. However, the credit for fuel cells is capped at $1,500 per 0.5 kilowatt (kW) of capacity. The American Recovery and Reinvestment Act of 2009 allows taxpayers to receive a grant from the U.S. Treasury Department instead of taking the business ITC for new installations. The U.S. Department of Treasury are is now accepting applications for grants at: http://www.treas.gov/recovery/1603.shtml. Grants are available to eligible property placed in service in 2009 or 2010, or placed in service by the specified credit termination date (January 1, 2017 for microturbines and fuel cells) if construction began in 2009 or 2010. The guidelines include a "safe harbor" provision that sets the beginning of construction at the point where the the applicant has incurred or paid at least 5% of the total cost of the property, excluding land and certain preliminary planning activities. |
| Start Date |
10/3/2008 |
| End Date |
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| Minimum Efficiency(%) |
|
| Additional Information |
Microturbines: Eligible property includes microturbines up to two megawatts (MW) in capacity that have an electricity-only generation efficiency of 26 percent or higher. Fuel Cells: Eligible property includes fuel cells with a minimum capacity of 0.5 kW that have an electricity-only generation efficiency of 30 percent or higher. (The credit for property placed in service before October 4, 2008, is capped at $500 per 0.5 kW.) The ITC for microturbines and fuel cells is claimed through IRS Form 3468. |
| Web Site |
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US02F&re=1&ee=1  |
| Additional Web Site |
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US53F&re=1&ee=1 |
| Primary Contact |
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