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TopicRenewable Energy Tax Credits
ContentEstablish a 20% personal income tax credit (up to $9,000) for residents and businesses (non-corporate), including agricultural enterprises, who purchase and install certified solar thermal, solar water and space heat, photovoltaics (PV), wind and hydro systems. Allow these credits to be carried forward for a maximum of ten taxable years until fully expended. Solar and wind powered devices utilized as a primary or auxiliary power system for the purpose of heating or otherwise supplying the energy needs of taxable property should also qualify for property tax exemptions for a period of 20 years from the date of installation.
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