Combined Heat and Power Partnership
Utah Renewable Energy Systems Tax Credit
dCHPP Glossary (PDF) (2 pp, 53K)
|Date Last Updated||4/17/2014|
|Incentive Administrator/Contact Office||Utah State Tax Commission|
|Incentive Initiation Date||7/1/2004|
|Incentive Expiration Date||6/30/2019|
|Incentive Size and Funding Source||Utah offers a state income tax credit for renewable energy systems. Systems qualifying for the Utah Renewable Energy Systems Tax Credit must use certain types of renewable energy (specified below) to provide heat, electricity, or mechanical energy. The investment tax credit for residential systems is 25% of the equipment and installation cost up to a maximum of $2,000. Commercial systems receive a 10% investment tax credit up to a maximum of $50,000. Commercial systems that use wind, biomass, or geothermal energy and have a production capacity greater than 600 kW are not eligible for an investment tax credit, but are eligible for a production tax credit of $0.0035 per kWh of electricity produced for a project's first four years.|
|Eligible Recipient||Businesses and homeowners with eligible systems installed in 2007 or later. Non-profit and public institutions that do not pay income taxes are not eligible to receive tax credits.|
|Eligible Fuel||Biogas; Woody Biomass; Other|
|Eligible Project Size (MW)||660 kW or greater for the production tax credits.|
Less than 660 kW for the investment tax credits.
|Minimum Efficiency Required (%)||Does Not Specify|
|Other Selected Eligibility Criteria||Investment tax credit eligible technologies include solar photovoltaic, solar thermal, wind, geothermal, hydro, and biomass.|
Production tax credit eligible technologies include wind, geothermal, and biomass.
|Application Form(s)||Renewable Tax Credit Online Application Portal|