Incentive Type: Corporate Federal 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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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 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
Incentive Type: Corporate Federal 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
Website: http://www.irs.gov/pub/irs-pdf/f8835.pdf
Incentive Type: Personal Federal Tax Credit
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies
Applicable Sectors: Residential
Amount: 30%
Maximum Incentive: Solar electric systems placed in service before 1/1/09: $2,000 Solar electric systems placed in service after 12/31/08: no maximum Solar water heaters placed in service before 1/1/09: $2,000 Solar water heaters placed in service after 12/31/08: no maximum Wind turbines placed in service in 2008: $4,000 Wind turbines placed in service after 12/31/08: no maximum Geothermal heat pumps placed in service in 2008: $2,000 Geothermal heat pumps placed in service after 12/31/08: no maximum Fuel cells: $500 per 0.5 kW
Carryover Provisions: Excess credit may be carried forward to succeeding tax year.
Eligible System Size: Fuel cells: 0.5 kW minimum
Equipment/Installation Requirements: Solar water heating property must be certified by SRCC or by comparable entity endorsed by the state in which the system is installed. At least half the energy used to heat the dwelling's water must be from solar. Geothermal heat pumps must meet the requirements of the Energy Star program. Fuel cells must have an electricity-only generation efficiency greater than 30%.
Authority 1: 26 USC § 25D Date Enacted: 8/8/2005 (amended 2006, 2008) Effective Date: 1/1/2006 Expiration Date: 12/31/2016
Authority 2: H.R. 1424: Div. B, Sec. 106 (The Energy Improvement and Extension Act of 2008) Date Enacted: 10/3/2008 Effective Date: 1/1/2008; elimination of the solar-electric credit cap effective 1/1/2009 Expiration Date: 12/31/2016
Authority 3: H.R. 1: Div. B, Sec. 1122 (The American Recovery and Reinvestment Act of 2009) Date Enacted: 2/17/2009 Effective Date: 1/1/2009
Authority 4: IRS Form 5695 & Instructions: Residential Energy Credits
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
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 or See in DSIRE
Contact: Laura Tucker Energy Manager USDA-Rural Development – Arkansas 501-301-3284 Laura.tucker@ar.usda.gov
Applicable Sectors: Commercial, Agricultural
Amount: Varies Max. Limit: $25 million per loan guarantee
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