Corporate Tax Incentives

From Open Energy Information

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]


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Corporate Deduction Incentives


Corporate Depreciation Incentives


Corporate Exemption Incentives

IncentiveIncentive TypePlaceApplicable SectorEligible TechnologiesActive
Alternative Fuel Tax Exemption (Idaho)Corporate ExemptionIdaho: Energy ResourcesEthanol
Biodiesel
No
Energy Conversion Facilities Corporate Tax Exemption (Ohio)Corporate ExemptionOhio: Energy ResourcesCommercial
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 ExemptionIowa: Energy ResourcesCommercial
Industrial
Local Government
Residential
Hydroelectric energy
Landfill Gas
Wind
Yes
Ethanol Blender Credit (South Dakota)Corporate ExemptionSouth Dakota: Energy ResourcesCommercialEthanolNo
Ethanol Excise Tax Rates (South Dakota)Corporate ExemptionSouth Dakota: Energy ResourcesEthanolNo
Excise Tax Exemption for Solar- or Wind-Powered Systems (Massachusetts)Corporate ExemptionMassachusetts: Energy ResourcesCommercial
Industrial
Solar Water Heat
Solar Space Heat
Solar Thermal Process Heat
Wind
Yes
Exemption + Fee for Alternative Fuel Vehicles (Oklahoma)Corporate ExemptionOklahoma: Energy ResourcesCommercial
Industrial
Residential
Renewable Fuel VehiclesNo
Federal Excise Tax Exemption for Gasohol (Federal)Corporate ExemptionUnited States: Energy ResourcesCommercial
Industrial
EthanolNo
Reduction in Motor Fuel Tax on Gasohol (Montana)Corporate ExemptionMontana: Energy ResourcesCommercial
Industrial
EthanolNo
Renewable Fuel Excise Tax Exemption (Maine)Corporate ExemptionMaine: Energy ResourcesFuel DistributorEthanol
Biodiesel
No
Residential Energy Conservation Subsidy Exclusion (Corporate) (Federal)Corporate ExemptionUnited States: Energy ResourcesResidential
Multi-Family Residential
Solar Water Heat
Solar Space Heat
Photovoltaics
Yes
Tax Exemption for Wind Energy Generation (West Virginia)Corporate ExemptionWest Virginia: Energy ResourcesUtilityWindYes
Tax Rate on Ethanol or Methanol (California)Corporate ExemptionCalifornia: Energy ResourcesCommercial
Industrial
Solar Thermal Process Heat
Ethanol
Methanol
No


Corporate Tax Credit Incentives

IncentiveIncentive TypePlaceApplicable SectorEligible TechnologiesActive
30% Business Tax Credit for Solar (Vermont)Corporate Tax CreditVermont: Energy ResourcesCommercial
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 CreditNew Mexico: Energy ResourcesCommercialSolar Thermal Electric
Photovoltaics
Geothermal Electric
Energy Storage
Yes
Agricultural Biomass Income Tax Credit (Corporate) (New Mexico)Corporate Tax CreditNew Mexico: Energy ResourcesAgriculturalBiomassYes
Alcohol Fuel Credit (Federal)Corporate Tax CreditUnited States: Energy ResourcesCommercial
Industrial
Ethanol
Methanol
No
Alternative Energy Development Incentive (Corporate) (Utah)Corporate Tax CreditUtah: Energy ResourcesCommercial
Industrial
Biomass
Geothermal Electric
Hydroelectric energy
Photovoltaics
Small Hydroelectric
Small Wind
Solar Thermal Electric
Wind
Yes
Alternative Energy Investment Tax Credit (Corporate) (Montana)Corporate Tax CreditMontana: Energy ResourcesCommercial
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 CreditPennsylvania: Energy ResourcesCommercial
Industrial
Residential
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Landfill Gas
Wind
Biomass
Hydroelectric energy
Geothermal Electric
Fuel Cells
Ground Source Heat Pumps
Municipal Solid Waste
CHP/Cogeneration
Anaerobic Digestion
Renewable Fuels
Other Distributed Generation Technologies
No
Alternative Fuel Vehicle Credit - Corporate (Georgia)Corporate Tax CreditGeorgia: Energy ResourcesCommercialNo
Alternative Fuel Vehicle and Refueling - Corporate Tax Credit (Colorado)Corporate Tax CreditColorado: Energy ResourcesCommercialRenewable Fuel Vehicles
Refueling Stations
No
Alternative Fuel Vehicle and Refueling Station Corporate Tax Credit (Kansas)Corporate Tax CreditKansas: Energy ResourcesCommercial
Industrial
No
Alternative Fueled Vehicle Charging Station Credit (Connecticut)Corporate Tax CreditConnecticut: Energy ResourcesCommercialPhotovoltaics
Hydroelectric energy
No
Alternative Fueled Vehicle Incremental Cost Credit (Connecticut)Corporate Tax CreditConnecticut: Energy ResourcesCommercialPhotovoltaicsNo
Alternative Vehicle Conversion Credits - Corporate (Louisiana)Corporate Tax CreditLouisiana: Energy ResourcesCommercialRenewable Fuel Vehicles
Other Alternative Fuel Vehicles
Refueling Stations
No
Bio-Heating Oil Tax Credit (Corporate) (Maryland)Corporate Tax CreditMaryland: Energy ResourcesCommercial
Industrial
BiodieselYes
Biodiesel Production Equipment Tax Credits (North Dakota)Corporate Tax CreditNorth Dakota: Energy ResourcesIndustrialBiodieselNo
Biodiesel Suppliers Tax Credit (Arkansas)Corporate Tax CreditArkansas: Energy ResourcesCommercialBiodieselNo
Biodiesel Tax Credits (Indiana)Corporate Tax CreditIndiana: Energy ResourcesCommercial
Industrial
BiodieselNo
Biomass Energy Tax Credit (Corporate) (South Carolina)Corporate Tax CreditSouth Carolina: Energy ResourcesIndustrialAnaerobic Digestion
Biomass
CHP/Cogeneration
Landfill Gas
Yes
Biomass Producer or Collector Tax Credit (Oregon)Corporate Tax CreditOregon: Energy ResourcesIndustrial
Agricultural
Biomass Collector
Biomass
Anaerobic Digestion
Biodiesel
Yes
Business Energy Investment Tax Credit (ITC) (Federal)Corporate Tax CreditUnited States: Energy ResourcesCommercial
Industrial
Utility
Agricultural
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Wind
Geothermal Electric
Fuel Cells
Ground Source Heat Pumps
Municipal Solid Waste
CHP/Cogeneration
Tidal Energy
Fuel Cells using Renewable Fuels
Microturbines
Yes
Business Energy Tax Credit (Oregon)Corporate Tax CreditOregon: Energy ResourcesAgricultural
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 CreditHawaii: Energy ResourcesCommercialNo
Clean Energy Incentive Act (Corporate Credit) (Maryland)Corporate Tax CreditMaryland: Energy ResourcesCommercial
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 CreditMaryland: Energy ResourcesCommercial
Industrial
Residential
Utility
Agricultural
Solar Thermal Electric
Photovoltaics
Landfill Gas
Wind
Biomass
Hydroelectric energy
Municipal Solid Waste
Anaerobic Digestion
Tidal Energy
Wave Energy
Ocean Thermal
Yes
Clean Energy Tax Credit (Corporate) (Georgia)Corporate Tax CreditGeorgia: Energy ResourcesCommercial
Industrial
Multi-Family Residential
Agricultural
Lighting
Lighting Controls/Sensors
Comprehensive Measures/Whole Building
Passive Solar Space Heat
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Wind
Biomass
Ground Source Heat Pumps
Daylighting
No
Clean Fuel Vehicle Tax Credit - Corporate (Utah)Corporate Tax CreditUtah: Energy ResourcesCommercial
Industrial
Renewable Fuel VehiclesNo
Clean-Burning Motor Fuel or Electric Vehicle Corporate Credit (Oklahoma)Corporate Tax CreditOklahoma: Energy ResourcesCommercial
Industrial
Renewable Fuel VehiclesNo
Clean-Fuel Vehicles and Refueling Property Credit (Virginia)Corporate Tax CreditVirginia: Energy ResourcesCommercialRenewable Fuel VehiclesNo
Corporate Income Tax Credit for Alternative Fuel Motor Vehicle Conversion (Montana)Corporate Tax CreditMontana: Energy ResourcesCommercial
Industrial
Renewable Fuel VehiclesNo
Corporate Tax Credit for Solar Water Heating Systems (Massachusetts)Corporate Tax CreditMassachusetts: Energy ResourcesCommercial
Industrial
Agricultural
Solar Water HeatNo
Energy Conservation Tax Credits - Competitively-Selected Projects (Corporate) (Oregon)Corporate Tax CreditOregon: Energy ResourcesAgricultural
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 CreditOregon: Energy ResourcesAgricultural
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 CreditKentucky: Energy ResourcesAgricultural
Commercial
Construction
Industrial
Installer/Contractor
Boilers
Central Air conditioners
Comprehensive Measures/Whole Building
Furnaces
Heat pumps
Lighting
Lighting Controls/Sensors
Water Heaters
Yes
Energy Efficient Residential Construction Tax Credit (Corporate) (Oklahoma)Corporate Tax CreditOklahoma: Energy ResourcesConstruction
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 CreditIndiana: Energy ResourcesCommercialCentral Air conditioners
Water Heaters
Furnaces
Programmable Thermostats
No
Energy-Efficient New Homes Tax Credit for Home Builders (Federal)Corporate Tax CreditUnited States: Energy ResourcesConstructionComprehensive Measures/Whole BuildingYes
Ethanol Investment Tax Credit - Corporate (Ohio)Corporate Tax CreditOhio: Energy ResourcesCommercial
Industrial
EthanolNo
Ethanol Producer Credit (Oklahoma)Corporate Tax CreditOklahoma: Energy ResourcesIndustrialEthanolNo
Ethanol Production Incentive (Nebraska)Corporate Tax CreditNebraska: Energy ResourcesCommercial
Industrial
EthanolNo
Ethanol Production Investment Tax Credit (Hawaii)Corporate Tax CreditHawaii: Energy ResourcesCommercialEthanolNo
Ethanol Production Tax Credit (Indiana)Corporate Tax CreditIndiana: Energy ResourcesIndustrialEthanolNo
Ethanol Production Tax Credit (Wyoming)Corporate Tax CreditWyoming: Energy ResourcesIndustrialEthanolNo
Ethanol-Blended Gasoline Tax Credit (Iowa)Corporate Tax CreditIowa: Energy ResourcesCommercialEthanolNo
Geothermal Heat Pump Tax Credit (Corporate) (New Mexico)Corporate Tax CreditNew Mexico: Energy ResourcesAgricultural
Commercial
Residential
Ground Source Heat PumpsYes
Green Building Tax Credit Program (Corporate) (New York)Corporate Tax CreditNew York: Energy ResourcesCommercial
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 CreditMaryland: Energy ResourcesCommercial
Industrial
Multi-Family Residential
Comprehensive Measures/Whole Building
Fuel Cells
Photovoltaics
Wind
No
Non-Residential Solar & Wind Tax Credit (Corporate) (Arizona)Corporate Tax CreditArizona: Energy ResourcesCommercial
Industrial
Nonprofit
Schools
Local Government
State Government
Tribal Government
Fed. Government
Agricultural
Institutional
Passive Solar Space Heat
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Wind
Solar Pool Heating
Daylighting
Yes
Puerto Rico - Solar Tax Credit (Corporate) (Puerto Rico)Corporate Tax CreditPuerto Rico: Energy ResourcesCommercial
Industrial
Solar Thermal Electric
Photovoltaics
No
Refundable Clean Heating Fuel Tax Credit (Corporate) (New York)Corporate Tax CreditNew York: Energy ResourcesResidentialBiodieselYes
Renewable Electricity Facility Tax Credit (Corporate) (Kansas)Corporate Tax CreditKansas: Energy ResourcesAgricultural
Commercial
Industrial
Biomass
Geothermal Electric
Hydroelectric energy
Landfill Gas
Photovoltaics
Small Hydroelectric
Solar Thermal Electric
Wind
No
Renewable Electricity Production Tax Credit (PTC) (Federal)Corporate Tax CreditUnited States: Energy ResourcesCommercial
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 CreditArizona: Energy ResourcesCommercialBiomass
Landfill Gas
Photovoltaics
Solar Thermal Electric
Wind
Yes
Renewable Energy Production Tax Credit (Corporate) (New Mexico)Corporate Tax CreditNew Mexico: Energy ResourcesCommercial
Industrial
Anaerobic Digestion
Biomass
Landfill Gas
Municipal Solid Waste
Photovoltaics
Solar Thermal Electric
Wind
Yes
Renewable Energy Production Tax Credit (Florida)Corporate Tax CreditFlorida: Energy ResourcesCommercialBiomass
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 CreditIowa: Energy ResourcesAgricultural
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 CreditUtah: Energy ResourcesCommercial
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 CreditKentucky: Energy ResourcesAgricultural
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 CreditNebraska: Energy ResourcesAgricultural
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 CreditNorth Carolina: Energy ResourcesCommercial
Industrial
Agricultural
Passive Solar Space Heat
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Landfill Gas
Wind
Biomass
Hydroelectric energy
Ground Source Heat Pumps
CHP/Cogeneration
Solar Pool Heating
Daylighting
Anaerobic Digestion
Small Hydroelectric
Ethanol
Methanol
Biodiesel
Yes
Renewable Energy Tax Credit (North Dakota)Corporate Tax CreditNorth Dakota: Energy ResourcesAgricultural
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 CreditArizona: Energy ResourcesIndustrial
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 CreditFlorida: Energy ResourcesCommercialFuel Cells
Hydrogen
Ethanol
Biodiesel
No
Residential Renewable Energy Tax Credit (Corporate) (Rhode Island)Corporate Tax CreditRhode Island: Energy ResourcesResidentialGround Source Heat Pumps
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
No
Residential Solar and Efficiency Tax Credit - Corporate (Massachusetts)Corporate Tax CreditMassachusetts: Energy ResourcesCommercialEquipment Insulation
Furnaces
Boilers
Programmable Thermostats
Duct/Air sealing
Building Insulation
Windows
Solar Water Heat
No
Solar Energy Systems Tax Credit (Corporate) (Iowa)Corporate Tax CreditIowa: Energy ResourcesCommercial
Residential
Utility
Agricultural
Solar Water Heat
Solar Thermal Electric
Solar Thermal Process Heat
Photovoltaics
Yes
Solar Energy and Small Hydropower Tax Credit (Corporate) (South Carolina)Corporate Tax CreditSouth Carolina: Energy ResourcesCommercial
Residential
Solar Water Heat
Solar Space Heat
Photovoltaics
Daylighting
Small Hydroelectric
Yes
Solar and Wind Energy Credit (Corporate) (Hawaii)Corporate Tax CreditHawaii: Energy ResourcesCommercial
Residential
Multi-Family Residential
Solar Water Heat
Solar Space Heat
Solar Thermal Electric
Photovoltaics
Wind
Yes
Solar or Wind Energy System Credit - Corporate (California)Corporate Tax CreditCalifornia: Energy ResourcesCommercial
Industrial
Photovoltaics
Wind
No
Sustainable Building Tax Credit (Corporate) (New Mexico)Corporate Tax CreditNew Mexico: Energy ResourcesCommercial
Residential
Multi-Family Residential
Comprehensive Measures/Whole Building
Passive Solar Space Heat
Solar Water Heat
Solar Space Heat
Photovoltaics
Wind
Daylighting
Yes
Tax Credit for Solar Energy Systems on Residential Property (Corporate) (Louisiana)Corporate Tax CreditLouisiana: Energy ResourcesCommercial
Residential
Solar Water Heat
Solar Space Heat
Photovoltaics
Yes
Tax Credits for Renewable Energy Facilities (Kentucky)Corporate Tax CreditKentucky: Energy ResourcesCommercialSolar Thermal Electric
Photovoltaics
Landfill Gas
Wind
Biomass
Hydroelectric energy
Renewable Fuels
Yes
Wind Energy System Corporate Tax Credit (Hawaii)Corporate Tax CreditHawaii: Energy ResourcesCommercialWindNo
Wood Energy Production Credit (Missouri)Corporate Tax CreditMissouri: Energy ResourcesCommercial
Industrial
BiomassYes
Woody Biomass Harvesting and Processing Tax Credit (Corporate) (Wisconsin)Corporate Tax CreditWisconsin: Energy ResourcesAgricultural
Commercial
BiomassYes
Zero-Emission Facilities Production Tax Credit (Oklahoma)Corporate Tax CreditOklahoma: Energy ResourcesCommercialSolar Thermal Electric
Photovoltaics
Wind
Hydroelectric energy
Geothermal Electric
Yes

References

  1. DSIRE Glossary