Combined Heat and Power Partnership
Alternative Energy Investment Tax Credit (Corporate)
|Date Last Updated||11/16/2012|
|Incentive Administrator/Contact Office||Montana Department of Revenue|
|Incentive Initiation Date||1/1/2002|
|Incentive Size and Funding Source||Commercial and net metering alternative energy investments of $5,000 or more are eligible for a tax credit of up to 35% against individual or corporate tax on income generated by the investment. The investment must be depreciable. The credit is applied only against taxes due as a consequence of taxable or net income produced by: |
|Eligible Recipient||This credit is available to taxpayers purchasing an existing facility as well as to those building a new facility. While net metered systems are eligible, the tax credit is only for any income generated by the system.|
|Eligible Fuel||Landfill Gas; Woody Biomass; Biogas; Other|
|Eligible Project Size (MW)||Does Not Specify|
|Minimum Efficiency Required (%)||Does Not Specify|
|Application Form(s)||Tax Form AEPC (PDF) (2 pp, 273K)|
|Other Incentive Details||The tax credit must be taken the year the equipment is placed in service; however, any portion of the tax credit that exceeds the amount of tax to be paid may be carried over and applied against state tax liability for the following 7 years.|
If a project sized 5 megawatts (MW) or larger is installed on an Indian reservation in Montana, a credit may be extended through the 15th tax year succeeding the tax year of installation, provided that the installation meets other specified criteria.
Applicants should use state tax form AEPC for individuals or for businesses. Form is updated annually.