Corporate Tax Incentives

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Corporate tax incentives include corporate tax credits, deductions and exemptions. These incentives are available in some states to corporations that purchase and install eligible renewable energy or energy efficiency equipment, or to construct green buildings. In a few cases, the incentive is based on the amount of energy produced by an eligible facility. Some states allow the tax credit only if a corporation has invested a minimum amount in an eligible project. Typically, there is a maximum limit on the dollar amount of the credit or deduction. In recent years, the federal government has offered corporate tax incentives for renewables and energy efficiency. (Note that corporate tax incentives designed to recruit or cultivate manufacturing and the development of renewable energy systems or equipment, or energy efficiency equipment, are categorized as “Industry Recruitment/Support” in DSIRE.) [1]


Contents


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Corporate Deduction Incentives


Corporate Depreciation Incentives


Corporate Exemption Incentives

Incentive Incentive Type Place Applicable Sector Eligible Technologies Active
Alternative Fuel Tax Exemption (Idaho) Corporate Exemption Idaho Ethanol
Biodiesel
No
Energy Conversion Facilities Corporate Tax Exemption (Ohio) Corporate Exemption Ohio Commercial
Industrial
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Landfill Gas
Biomass
Municipal Solid Waste
CHP/Cogeneration
Wind
No
Energy Replacement Generation Tax Exemption (Iowa) Corporate Exemption Iowa Commercial
Industrial
Local Government
Residential
Hydroelectric energy
Landfill Gas
Wind
Yes
Ethanol Blender Credit (South Dakota) Corporate Exemption South Dakota Commercial Ethanol No
Ethanol Excise Tax Rates (South Dakota) Corporate Exemption South Dakota Ethanol No
Excise Tax Exemption for Solar- or Wind-Powered Systems (Massachusetts) Corporate Exemption Massachusetts Commercial
Industrial
Solar Space Heat
Solar Thermal Process Heat
Solar Water Heat
Wind
Yes
Exemption + Fee for Alternative Fuel Vehicles (Oklahoma) Corporate Exemption Oklahoma Commercial
Industrial
Residential
Renewable Fuel Vehicles No
Federal Excise Tax Exemption for Gasohol (Federal) Corporate Exemption United States Commercial
Industrial
Ethanol No
Reduction in Motor Fuel Tax on Gasohol (Montana) Corporate Exemption Montana Commercial
Industrial
Ethanol No
Renewable Fuel Excise Tax Exemption (Maine) Corporate Exemption Maine Fuel Distributor Ethanol
Biodiesel
No
Residential Energy Conservation Subsidy Exclusion (Corporate) (Federal) Corporate Exemption United States Multi-Family Residential
Residential
Photovoltaics
Solar Space Heat
Solar Water Heat
Yes
Tax Exemption for Wind Energy Generation (West Virginia) Corporate Exemption West Virginia Utility Wind Yes
Tax Rate on Ethanol or Methanol (California) Corporate Exemption California Commercial
Industrial
Solar Thermal Process Heat
Ethanol
Methanol
No


Corporate Tax Credit Incentives

Incentive Incentive Type Place Applicable Sector Eligible Technologies Active
30% Business Tax Credit for Solar (Vermont) Corporate Tax Credit Vermont Commercial
Industrial
Photovoltaics
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
No
Advanced Energy Tax Credit (Corporate) (New Mexico) Corporate Tax Credit New Mexico Commercial Geothermal Electric
Photovoltaics
Solar Thermal Electric
Energy Storage
Yes
Agricultural Biomass Income Tax Credit (Corporate) (New Mexico) Corporate Tax Credit New Mexico Agricultural Biomass Yes
Alcohol Fuel Credit (Federal) Corporate Tax Credit United States Commercial
Industrial
Ethanol
Methanol
No
Alternative Energy Development Incentive (Corporate) (Utah) Corporate Tax Credit Utah Commercial
Industrial
Biomass
Geothermal Electric
Photovoltaics
Small Hydroelectric
Small Wind
Solar Thermal Electric
Hydroelectric energy
Wind
Yes
Alternative Energy Investment Tax Credit (Corporate) (Montana) Corporate Tax Credit Montana Commercial
Industrial
Biomass
Fuel Cells using Renewable Fuels
Geothermal Electric
Landfill Gas
Photovoltaics
Small Hydroelectric
Solar Thermal Electric
Wind
Yes
Alternative Energy Production Tax Credit (Corporate) (Pennsylvania) Corporate Tax Credit Pennsylvania Commercial
Industrial
Residential
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Landfill Gas
Biomass
Hydroelectric energy
Geothermal Electric
Fuel Cells
Ground Source Heat Pumps
Municipal Solid Waste
CHP/Cogeneration
Anaerobic Digestion
Renewable Fuels
Other Distributed Generation Technologies
Wind
No
Alternative Fuel Vehicle Credit - Corporate (Georgia) Corporate Tax Credit Georgia Commercial No
Alternative Fuel Vehicle and Refueling - Corporate Tax Credit (Colorado) Corporate Tax Credit Colorado Commercial Renewable Fuel Vehicles
Refueling Stations
No
Alternative Fuel Vehicle and Refueling Station Corporate Tax Credit (Kansas) Corporate Tax Credit Kansas Commercial
Industrial
No
Alternative Fueled Vehicle Charging Station Credit (Connecticut) Corporate Tax Credit Connecticut Commercial Photovoltaics
Hydroelectric energy
No
Alternative Fueled Vehicle Incremental Cost Credit (Connecticut) Corporate Tax Credit Connecticut Commercial Photovoltaics No
Alternative Vehicle Conversion Credits - Corporate (Louisiana) Corporate Tax Credit Louisiana Commercial Renewable Fuel Vehicles
Other Alternative Fuel Vehicles
Refueling Stations
No
Bio-Heating Oil Tax Credit (Corporate) (Maryland) Corporate Tax Credit Maryland Commercial
Industrial
Biodiesel Yes
Biodiesel Production Equipment Tax Credits (North Dakota) Corporate Tax Credit North Dakota Industrial Biodiesel No
Biodiesel Suppliers Tax Credit (Arkansas) Corporate Tax Credit Arkansas Commercial Biodiesel No
Biodiesel Tax Credits (Indiana) Corporate Tax Credit Indiana Commercial
Industrial
Biodiesel No
Biomass Energy Tax Credit (Corporate) (South Carolina) Corporate Tax Credit South Carolina Industrial Anaerobic Digestion
Biomass
CHP/Cogeneration
Landfill Gas
Yes
Biomass Producer or Collector Tax Credit (Oregon) Corporate Tax Credit Oregon Agricultural
Industrial
Biomass Collector
Anaerobic Digestion
Biodiesel
Biomass
Yes
Business Energy Investment Tax Credit (ITC) (Federal) Corporate Tax Credit United States Agricultural
Commercial
Industrial
Utility
CHP/Cogeneration
Fuel Cells
Fuel Cells using Renewable Fuels
Geothermal Electric
Ground Source Heat Pumps
Microturbines
Municipal Solid Waste
Photovoltaics
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
Tidal Energy
Wind
Yes
Business Energy Tax Credit (Oregon) Corporate Tax Credit Oregon Agricultural
Commercial
Construction
Industrial
Multi-Family Residential
Building Insulation
Caulking/Weather-stripping
Comprehensive Measures/Whole Building
Duct/Air sealing
Heat recovery
Lighting
Biodiesel
Biomass
CHP/Cogeneration
Ethanol
Fuel Cells using Renewable Fuels
Geothermal Electric
Ground Source Heat Pumps
Hydroelectric energy
Hydrogen
Landfill Gas
Methanol
Passive Solar Space Heat
Photovoltaics
Solar Space Heat
Solar Thermal Electric
Solar Water Heat
Wind
No
Capital Goods Excise Tax Credit (Hawaii) Corporate Tax Credit Hawaii Commercial No
Clean Energy Incentive Act (Corporate Credit) (Maryland) Corporate Tax Credit Maryland Commercial
Industrial
Solar Water Heat
Solar Space Heat
Solar Thermal Process Heat
Photovoltaics
Landfill Gas
Biomass
No
Clean Energy Production Tax Credit (Corporate) (Maryland) Corporate Tax Credit Maryland Agricultural
Commercial
Industrial
Residential
Utility
Anaerobic Digestion
Biomass
Hydroelectric energy
Landfill Gas
Municipal Solid Waste
Ocean Thermal
Photovoltaics
Solar Thermal Electric
Tidal Energy
Wave Energy
Wind
Yes
Clean Energy Tax Credit (Corporate) (Georgia) Corporate Tax Credit Georgia Agricultural
Commercial
Industrial
Multi-Family Residential
Comprehensive Measures/Whole Building
Lighting
Lighting Controls/Sensors
Biomass
Daylighting
Ground Source Heat Pumps
Passive Solar Space Heat
Photovoltaics
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
Wind
No
Clean Fuel Vehicle Tax Credit - Corporate (Utah) Corporate Tax Credit Utah Commercial
Industrial
Renewable Fuel Vehicles No
Clean-Burning Motor Fuel or Electric Vehicle Corporate Credit (Oklahoma) Corporate Tax Credit Oklahoma Commercial
Industrial
Renewable Fuel Vehicles No
Clean-Fuel Vehicles and Refueling Property Credit (Virginia) Corporate Tax Credit Virginia Commercial Renewable Fuel Vehicles No
Corporate Income Tax Credit for Alternative Fuel Motor Vehicle Conversion (Montana) Corporate Tax Credit Montana Commercial
Industrial
Renewable Fuel Vehicles No
Corporate Tax Credit for Solar Water Heating Systems (Massachusetts) Corporate Tax Credit Massachusetts Commercial
Industrial
Agricultural
Solar Water Heat No
Energy Conservation Tax Credits - Competitively-Selected Projects (Corporate) (Oregon) Corporate Tax Credit Oregon Agricultural
Commercial
Industrial
Institutional
Schools
State Government
Tribal Government
Nonprofit
Local Government
Agricultural Equipment
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Chillers
Comprehensive Measures/Whole Building
Compressed air
Custom/Others pending approval
Doors
Duct/Air sealing
Furnaces
Heat pumps
Processing and Manufacturing Equipment
Roofs
Siding
Water Heaters
Biomass
Ground Source Heat Pumps
Solar Thermal Electric
Solar Water Heat
Windows
Geothermal Electric
Yes
Energy Conservation Tax Credits - Small Premium Projects (Corporate) Corporate Tax Credit Oregon Agricultural
Commercial
Industrial
Local Government
Schools
State Government
Tribal Government
Agricultural Equipment
Boilers
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Chillers
Comprehensive Measures/Whole Building
Compressed air
Custom/Others pending approval
Doors
Duct/Air sealing
Furnaces
Heat pumps
Processing and Manufacturing Equipment
Roofs
Siding
Water Heaters
Windows
Solar Water Heat
Unspecified technologies
Yes
Energy Efficiency Tax Credits (Corporate) (Kentucky) Corporate Tax Credit Kentucky Agricultural
Commercial
Construction
Industrial
Installer/Contractor
Central Air conditioners
Comprehensive Measures/Whole Building
Heat pumps
Lighting
Lighting Controls/Sensors
Water Heaters
Boilers
Furnaces
Yes
Energy Efficient Residential Construction Tax Credit (Corporate) (Oklahoma) Corporate Tax Credit Oklahoma Construction
Residential
Building Insulation
Caulking/Weather-stripping
Central Air conditioners
Comprehensive Measures/Whole Building
Doors
Duct/Air sealing
Furnaces
Heat pumps
Roofs
Windows
Yes
Energy Savings Tax Credit (Corporate) (Indiana) Corporate Tax Credit Indiana Commercial Central Air conditioners
Water Heaters
Furnaces
Programmable Thermostats
No
Energy-Efficient New Homes Tax Credit for Home Builders (Federal) Corporate Tax Credit United States Construction Comprehensive Measures/Whole Building Yes
Ethanol Investment Tax Credit - Corporate (Ohio) Corporate Tax Credit Ohio Commercial
Industrial
Ethanol No
Ethanol Producer Credit (Oklahoma) Corporate Tax Credit Oklahoma Industrial Ethanol No
Ethanol Production Incentive (Nebraska) Corporate Tax Credit Nebraska Commercial
Industrial
Ethanol No
Ethanol Production Investment Tax Credit (Hawaii) Corporate Tax Credit Hawaii Commercial Ethanol No
Ethanol Production Tax Credit (Indiana) Corporate Tax Credit Indiana Industrial Ethanol No
Ethanol Production Tax Credit (Wyoming) Corporate Tax Credit Wyoming Industrial Ethanol No
Ethanol-Blended Gasoline Tax Credit (Iowa) Corporate Tax Credit Iowa Commercial Ethanol No
Geothermal Heat Pump Tax Credit (Corporate) (New Mexico) Corporate Tax Credit New Mexico Agricultural
Commercial
Residential
Ground Source Heat Pumps Yes
Green Building Tax Credit Program (Corporate) (New York) Corporate Tax Credit New York Commercial
Construction
Multi-Family Residential
Comprehensive Measures/Whole Building
Daylighting
Fuel Cells
Passive Solar Space Heat
Photovoltaics
Solar Space Heat
Solar Water Heat
No
Income Tax Credit for Green Buildings (Corporate) (Maryland) Corporate Tax Credit Maryland Commercial
Industrial
Multi-Family Residential
Comprehensive Measures/Whole Building
Fuel Cells
Photovoltaics
Wind
No
Non-Residential Solar & Wind Tax Credit (Corporate) (Arizona) Corporate Tax Credit Arizona Agricultural
Commercial
Fed. Government
Industrial
Institutional
Local Government
Nonprofit
Schools
State Government
Tribal Government
Daylighting
Passive Solar Space Heat
Photovoltaics
Solar Pool Heating
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
Wind
Yes
Puerto Rico - Solar Tax Credit (Corporate) (Puerto Rico) Corporate Tax Credit Puerto Rico Commercial
Industrial
Solar Thermal Electric
Photovoltaics
No
Refundable Clean Heating Fuel Tax Credit (Corporate) (New York) Corporate Tax Credit New York Residential Biodiesel Yes
Renewable Electricity Facility Tax Credit (Corporate) (Kansas) Corporate Tax Credit Kansas Agricultural
Commercial
Industrial
Biomass
Geothermal Electric
Landfill Gas
Photovoltaics
Small Hydroelectric
Solar Thermal Electric
Hydroelectric energy
Wind
No
Renewable Electricity Production Tax Credit (PTC) (Federal) Corporate Tax Credit United States Commercial
Industrial
Anaerobic Digestion
Biomass
Geothermal Electric
Hydroelectric energy
Landfill Gas
Municipal Solid Waste
Ocean Thermal
Small Hydroelectric
Tidal Energy
Wave Energy
Wind
Yes
Renewable Energy Production Tax Credit (Corporate) (Arizona) Corporate Tax Credit Arizona Commercial Biomass
Landfill Gas
Photovoltaics
Solar Thermal Electric
Wind
Yes
Renewable Energy Production Tax Credit (Corporate) (New Mexico) Corporate Tax Credit New Mexico Commercial
Industrial
Anaerobic Digestion
Biomass
Landfill Gas
Municipal Solid Waste
Photovoltaics
Solar Thermal Electric
Wind
Yes
Renewable Energy Production Tax Credit (Florida) Corporate Tax Credit Florida Commercial Biomass
CHP/Cogeneration
Geothermal Electric
Hydroelectric energy
Photovoltaics
Solar Thermal Electric
Tidal Energy
Wave Energy
Wind
Yes
Renewable Energy Production Tax Credits (Corporate) (Iowa) Corporate Tax Credit Iowa Agricultural
Commercial
Industrial
Institutional
Rural Electric Cooperative
Schools
Anaerobic Digestion
Biomass
Hydrogen
Landfill Gas
Photovoltaics
Solar Thermal Electric
Wind
Yes
Renewable Energy Systems Tax Credit (Corporate) (Utah) Corporate Tax Credit Utah Commercial
Construction
Installer/Contractor
Multi-Family Residential
Residential
Anaerobic Digestion
Biomass
Geothermal Electric
Ground Source Heat Pumps
Hydroelectric energy
Landfill Gas
Passive Solar Space Heat
Photovoltaics
Solar Pool Heating
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
Wind
Yes
Renewable Energy Tax Credit (Corporate) (Kentucky) Corporate Tax Credit Kentucky Agricultural
Commercial
Industrial
Ground Source Heat Pumps
Passive Solar Space Heat
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
Yes
Renewable Energy Tax Credit (Corporate) (Nebraska) Corporate Tax Credit Nebraska Agricultural
Commercial
Industrial
Residential
Anaerobic Digestion
Fuel Cells
Geothermal Electric
Hydroelectric energy
Landfill Gas
Photovoltaics
Solar Thermal Electric
Wind
Fuel Cells using Renewable Fuels
Yes
Renewable Energy Tax Credit (Corporate) (North Carolina) Corporate Tax Credit North Carolina Agricultural
Commercial
Industrial
Anaerobic Digestion
Biodiesel
Biomass
CHP/Cogeneration
Daylighting
Ethanol
Ground Source Heat Pumps
Hydroelectric energy
Landfill Gas
Methanol
Passive Solar Space Heat
Photovoltaics
Solar Pool Heating
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
Wind
Small Hydroelectric
Yes
Renewable Energy Tax Credit (North Dakota) Corporate Tax Credit North Dakota Agricultural
Commercial
Industrial
Anaerobic Digestion
Biomass
Fuel Cells using Renewable Fuels
Geothermal Electric
Ground Source Heat Pumps
Landfill Gas
Passive Solar Space Heat
Photovoltaics
Renewable Fuels
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Solar Water Heat
Wind
Yes
Renewable Energy Tax Credit for Manufacturers (Corporate) (Arizona) Corporate Tax Credit Arizona Industrial
Manufacturers
Solar Thermal Electric
Photovoltaics
Landfill Gas
Wind
Biomass
Anaerobic Digestion
Fuel Cells using Renewable Fuels
Yes
Renewable Energy Technologies Investment Tax Credit (Florida) Corporate Tax Credit Florida Commercial Fuel Cells
Hydrogen
Ethanol
Biodiesel
No
Residential Renewable Energy Tax Credit (Corporate) (Rhode Island) Corporate Tax Credit Rhode Island Residential Ground Source Heat Pumps
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
No
Residential Solar and Efficiency Tax Credit - Corporate (Massachusetts) Corporate Tax Credit Massachusetts Commercial Equipment Insulation
Furnaces
Boilers
Programmable Thermostats
Duct/Air sealing
Building Insulation
Windows
Solar Water Heat
No
Solar Energy Systems Tax Credit (Corporate) (Iowa) Corporate Tax Credit Iowa Agricultural
Commercial
Residential
Utility
Photovoltaics
Solar Thermal Electric
Solar Water Heat
Solar Thermal Process Heat
Yes
Solar Energy and Small Hydropower Tax Credit (Corporate) (South Carolina) Corporate Tax Credit South Carolina Commercial
Residential
Daylighting
Photovoltaics
Small Hydroelectric
Solar Space Heat
Solar Water Heat
Yes
Solar and Wind Energy Credit (Corporate) (Hawaii) Corporate Tax Credit Hawaii Commercial
Multi-Family Residential
Residential
Photovoltaics
Solar Space Heat
Solar Thermal Electric
Solar Water Heat
Wind
Yes
Solar or Wind Energy System Credit - Corporate (California) Corporate Tax Credit California Commercial
Industrial
Photovoltaics
Wind
No
Sustainable Building Tax Credit (Corporate) (New Mexico) Corporate Tax Credit New Mexico Commercial
Multi-Family Residential
Residential
Comprehensive Measures/Whole Building
Daylighting
Passive Solar Space Heat
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
Yes
Tax Credit for Solar Energy Systems on Residential Property (Corporate) (Louisiana) Corporate Tax Credit Louisiana Commercial
Residential
Photovoltaics
Solar Space Heat
Solar Water Heat
Yes
Tax Credits for Renewable Energy Facilities (Kentucky) Corporate Tax Credit Kentucky Commercial Biomass
Landfill Gas
Photovoltaics
Renewable Fuels
Solar Thermal Electric
Hydroelectric energy
Wind
Yes
Wind Energy System Corporate Tax Credit (Hawaii) Corporate Tax Credit Hawaii Commercial Wind No
Wood Energy Production Credit (Missouri) Corporate Tax Credit Missouri Commercial
Industrial
Biomass Yes
Woody Biomass Harvesting and Processing Tax Credit (Corporate) (Wisconsin) Corporate Tax Credit Wisconsin Agricultural
Commercial
Biomass Yes
Zero-Emission Facilities Production Tax Credit (Oklahoma) Corporate Tax Credit Oklahoma Commercial Geothermal Electric
Hydroelectric energy
Photovoltaics
Solar Thermal Electric
Wind
Yes

References

  1. DSIRE Glossary