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

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

All Corporate Tax Incentives

References

  1. DSIRE Glossary