Geothermal Tax Credit (North Dakota)
This is the approved revision of this page, as well as being the most recent.
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Geothermal Tax Credit|
|Incentive Type||Personal Tax Credit|
|Applicable Sector||Residential, Estates, Trusts|
|Eligible Technologies||Geothermal Electric, Geothermal Heat Pumps|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||15% (3% per year for five years)|
|Carryover Provisions||Excess credit may be carried over to each of the 10 succeeding taxable years|
|Program Administrator||North Dakota Department of Commerce|
|Date added to DSIRE||2000-01-01|
|Last DSIRE Review||2014-07-28|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
North Dakota offers an income tax credit to individuals, estates and trusts for the cost of acquiring and installing a geothermal energy system in a building or on property owned or leased by the taxpayer in North Dakota. For systems installed after December 31, 2008, and before January 1, 2015, the credit is equal to 3% per year for five years of the actual cost of acquisition and installation of the system. Any excess may be used as a credit carryover to each of the 10 succeeding taxable years.
If the taxpayer holds an interest in a pass-through entity (such as a partnership or S-corporation) that installs a geothermal system, the credit is passed through to the taxpayer in proportion to its interest in the entity.
|Contact Name||Public Information - State Tax Commissioner|
|Department||Office of the State Tax Commissioner|
|Address 2||600 East Boulevard Ave.|
|Place||Bismarck, North Dakota|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||ND Century Code 57-38-30.3|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.