Residential Alternative Energy Tax Deduction (Idaho)
From Open Energy Information
This is the approved revision of this page, as well as being the most recent.
Last modified on August 16, 2011.
Financial Incentive Program
| Place | Idaho |
|---|---|
| Name | Residential Alternative Energy Tax Deduction |
| Incentive Type | Personal Deduction |
| Applicable Sector | Residential |
| Eligible Technologies | Biomass, Geothermal Heat Pumps, Passive Solar Space Heat, Photovoltaics, Solar Space Heat, Solar Water Heat, Wind |
| Active Incentive | Yes |
| Implementing Sector | State/Territory |
| Energy Category | Renewable Energy Incentive Programs |
| Amount | 40% in the first year; 20% per year for next three years |
| Maximum Incentive | 5,000 per year; 20,000 total deduction |
| Program Administrator | Idaho Tax Commission |
| Date added to DSIRE | 2000-01-01 |
| Last DSIRE Review | 8/3/2011 |
| References | DSIRE[1] |
Summary
This statute allows taxpayers an income tax deduction of 40% of the cost of a solar, wind, geothermal, and certain biomass energy devices used for heating or electricity generation. Taxpayers can apply this 40% deduction in the year in which the system is installed and can also deduct 20% of the cost each year for three years thereafter. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000.
Eligible biomass energy devices include a pellet stove or EPA-certified wood stove if:
- it is in the taxpayer's residence,
- it replaces an old wood stove that does not meet EPA requirements,
- the purchase and replacement occurs within the same year, and
- the old wood stove is dropped off at a Department of Environmental Quality (DEQ)-approved site within 30 days. (Also applies to new natural gas or propane heating units that meet these criteria.)
Incentive Contact
| Contact Name | Public Information |
|---|---|
| Department | Idaho Tax Commission |
| Address | 800 Park Blvd. #4 |
| Place | Boise, Idaho |
| Zip/Postal Code | 83722 |
| Phone | (208) 334-7660 |
| Phone 2 | (800) 972-7660 |
| taxrep@tax.idaho.gov |
Authorities (Please contact the if there are any file problems.)
| Authority 1: | Idaho Code § 63-3022C |
|---|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]
References