Corporate Exemption

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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]


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

All Corporate Tax Incentives

References

  1. DSIRE Glossary