Commercial and Industrial

Renewable Electricity Production Tax Credit (PTC)

Incentive Type: Corporate Tax Credit
Note: The American Recovery and Reinvestment Act of 2009 (H.R. 1) allows taxpayers eligible for the federal renewable electricity production tax credit (PTC) to take the federal business energy investment tax credit (ITC) or to receive a grant from the U.S. Treasury Department instead of taking the PTC for new installations. The new law also allows taxpayers eligible for the ITC to receive a grant from the U.S. Treasury Department instead of taking the ITC for new installations.

Eligible Renewable/Other Technologies: Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Municipal Solid Waste, Hydrokinetic Power (i.e., Flowing Water), Anaerobic Digestion, Small Hydroelectric, Tidal Energy, Wave Energy, Ocean Thermal  

Applicable Sectors: Commercial, Industrial

Amount: 2.1¢/kWh for wind, geothermal, closed-loop biomass; 1.0¢/kWh for other eligible technologies. Generally applies to first 10 years of operation.

Eligible System Size: Marine and Hydrokinetic: Minimum capacity of 150 kW 
Agricultural Livestock Waste: Minimum capacity of 150 kW

Authority 1: 26 USC § 45
Date Enacted: 1992  

Authority 2: H.R. 1424: Div. B, Sec. 101 & 102 (The Energy Improvement and Extension Act of 2008)
Date Enacted: 10/03/2008
Effective Date: Varies 

Authority 3: H.R. 1: Div. B, Sec. 1101 & 1102 (The American Recovery and Reinvestment Act of 2009)
Date Enacted: 02/17/2009
Effective Date: 01/01/2009
Expiration Date: Varies

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Website: http://www.irs.gov/pub/irs-pdf/f8835.pdf

Business Energy Investment Tax Credit (ITC)

Incentive Type: Corporate Tax Credit

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, CHP/Cogeneration, Solar Hybrid Lighting, Direct Use Geothermal, Microturbines

Applicable Sectors: Commercial, Industrial, Utility

Amount: 30% for solar, fuel cells and small wind; 10% for geothermal, microturbines and CHP

Maximum Incentive:
Fuel cells: $1,500 per 0.5 kW 
Microturbines: $200 per kW
Small wind turbines placed in service 10/4/08 to 12/31/08: $4,000
Small wind turbines placed in service after 12/31/08: no limit

Eligible System Size: Small wind turbines: 100 kW or less; Fuel cells: 0.5 kW or greater; Microturbines: 2 MW or less; CHP: 50 MW or less

Equipment/Installation Requirements: Fuel cells, microturbines and CHP systems must meet specific energy-efficiency criteria

Authority 1: 26 USC § 48

Authority 2: H.R. 1424: Div. B (The Energy Improvement and Extension Act of 2008)
Date Enacted: 10/3/2008
Effective Date: 10/3/2008

Authority 3: H.R. 1: Div. B, Sec. 1103 (The American Recovery and Reinvestment Act of 2009)
Date Enacted: 2/17/2009
Effective Date: 1/1/2009

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Clean Renewable Energy Bonds (CREBs)

Incentive Type: Federal Loan Program

Eligible Renewable/Other Technologies: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Municipal Solid Waste, Hydrokinetic Power, Anaerobic Digestion, Tidal Energy, Wave Energy, Ocean Thermal

Applicable Sectors: Local Government, State Government, Tribal Government, Municipal Utility, Rural Electric Cooperative

Amount: Varies

Authority 1: 26 USC § 54
Effective Date: 08/08/2005
Expiration Date: 12/31/2009 

Authority 2: H.R. 1424: Div. B (The Energy Improvement and Extension Act of 2008)
Date Enacted: 10/3/2008
Effective Date:
10/3/2008

Authority 3: H.R. 1: Div. B, Sec. 1111 (The American Recovery and Reinvestment Act of 2009)
Date Enacted: 2/17/2009
Effective Date: 2/17/2009

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Arkansas - Net Metering

Incentive Type: Net Metering

Eligible Renewable/Other Technologies: Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Geothermal Electric, Microturbines using renewable fuels, Fuel Cells using Renewable Fuels

Applicable Sectors: Commercial, Industrial, Residential, General Public/Consumer, Nonprofit, Schools, Local Government, State Government, Fed. Government, Agricultural, Institutional

Limit on System Size: 25 kW for residential systems; 300 kW for nonresidential systems

Limit on Overall Enrollment: None

Treatment of Net Excess: Credited at retail rate to customer's next bill; granted to utility at end of 12-month billing cycle

Utilities Involved: All PSC-regulated utilities

Interconnection Standards for Net Metering? Yes

Authority 1: Arkansas Code § 23-18-603 et seq.
Date Enacted: 4/19/2001 (subsequently amended)
Effective Date: 10/01/2001

Authority 2: AR PSC Order No. 8, Docket 06-105-U
Date Enacted: 11/27/2007

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USDA Rural Energy for America Program (REAP) - Grants

Incentive Type: Federal Grant Program

Eligible Efficiency Technologies: Yes; specific technologies not identified

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Hydrogen, Direct-Use Geothermal, Anaerobic Digestion, Small Hydroelectric, Tidal Energy, Wave Energy, Ocean Thermal, Renewable Fuels, Fuel Cells using Renewable Fuels, Microturbines

Applicable Sectors: Commercial, Schools, Local Government, State Government, Tribal Government, Rural Electric Cooperative, Agricultural, Public Power Entities  

Amount: Varies

Max. Limit: 25% of project cost

Authority 1: 7 USC § 8106
Date Enacted: 5/13/2002
Effective Date: FY 2003

Authority 2: Food, Conservation, and Energy Act of 2008 (H.R. 2419)
Date Enacted: 5/22/2008

Website: http://www.usda.gov/farmbill

USDA Rural Energy for America Program (REAP) - Loan Guarantees

Incentive Type: Federal Loan Program

Eligible Efficiency Technologies: Yes; specific technologies not identified

Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Hydrogen, Direct-Use Geothermal, Anaerobic Digestion, Small Hydroelectric, Tidal Energy, Wave Energy, Ocean Thermal, Renewable Fuels, Fuel Cells using Renewable Fuels, Microturbines

Applicable Sectors: Commercial, Agricultural

Amount: Varies Max. Limit: $25 million per loan guarantee

Authority 1: 7 USC § 8106
Date Enacted: 5/13/2002
Effective Date: FY 2003

Authority 2: Food, Conservation, and Energy Act of 2008 (H.R. 2419)
Date Enacted: 5/22/2008

Website: http://www.usda.gov/farmbill

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