Tax Credit for Manufacturers of Small Wind Turbines (Oklahoma)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Tax Credit for Manufacturers of Small Wind Turbines|
|Incentive Type||Industry Recruitment/Support|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||Based on square footage of rotor swept area: 25.00/ft^2 for 2005 through 2012|
|Terms||Credit is transferable during the 10 years following qualification|
|Program Administrator||Oklahoma Tax Commission|
|Date added to DSIRE||2002-10-11|
|Last DSIRE Review||2014-08-14|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Note: After a 2-year moratorium on all state tax credits, this credit may be claimed for tax year 2012 and subsequent tax years for small wind turbines manufactured on or after July 1, 2012.
Oklahoma offers an income tax credit to the manufacturers of small wind turbines for tax years 2003 through 2012. Oklahoma manufacturers of wind turbines with a rated capacity of between 1 kilowatt (kW) and 50 kW are eligible for the credit if they agree in advance to allow their production and claims to be audited by the Oklahoma Tax Commission. They must also be able to show that they have made economic development investments in Oklahoma over the period of time for which the credit was claimed that exceed the amount of credit claimed.
The turbine must incorporate advanced technologies such as new airfoils, new generators, and new power electronics and at least one unit of each model must have been installed for testing at the US-DOE National Wind Technology Center. All turbines must comply with appropriate interconnection safety standards of the Institute of Electrical and Electronics Engineers.
The credit amount varies based on the turbine's square footage of rotor swept area. The credit was $25.00 per square foot produced in 2003, $12.50 per square foot produced in 2004, and $25.00 per square foot produced each year from 2005-2012. The credit is transferable during the 10 years following the year of qualification. To claim this credit, complete Tax Form 511CR, Schedule for Other Credits.
|Contact Name||Information Specialist - OTC|
|Department||Oklahoma Tax Commission|
|Address||Post Office Box 26800|
|Place||Oklahoma City, Oklahoma|
|Contact Name||Scott Greene|
|Department||Oklahoma Wind Power Initiative|
|Division||Environmental Verification and Analysis Center - University of Oklahoma|
|Address||100 E. Boyd St., Suite 410|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||68 Okl. St. § 2357.32B|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.