Renewable Energy Facility Sales and Use Tax Reimbursement (South Dakota)

(Redirected from Wind Energy Facility Sales and Use Tax Reimbursement (South Dakota))

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place South Dakota

Name Renewable Energy Facility Sales and Use Tax Reimbursement
Incentive Type Sales Tax Incentive
Applicable Sector Commercial, Industrial, Installer/Contractor, Agricultural
Eligible Technologies Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Electric, Municipal Solid Waste, CHP/Cogeneration, Hydrogen, Anaerobic Digestion, Small Hydroelectric
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Up to 100% of the tax paid on project costs






Equipment Requirements Project costs for a new or expanded facility must exceed 20 million.

Project costs for equipment upgrades must exceed 2 million.

Start Date 2013-04-01


















Program Administrator Governor's Office of Economic Development

Date added to DSIRE 2013-06-26
Last DSIRE Review 2014-11-21



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

South Dakota allows for a reinvestment payment up to the total amount of sales and use taxes paid for certain new or expanded renewable energy systems, equipment upgrades to existing systems, and manufacturing facilities that produce renewable energy equipment. S.B. 235 referred specifically to wind energy facilities but also allows for "power generation facilities" and facilities defined by the Governor's Office of Economic Development (GOED) as targeted industries. Based on that authority, the GOED chose to extend this incentive to other types of renewable energy.


To qualify, the project costs associated with a new or expanded facility must exceed $20 million, and the costs associated with equipment upgrades must exceed $2 million. Eligible project costs include the amount paid by the project owner in money, credits, property, or other consideration associated with a project. Also included are the costs associated with land, labor, and equipment, including towers, wind turbine generators, power collection systems, and electric interconnection systems.


Applicants must file an application with the GOED within 90 days of starting construction. In reviewing the application, the Board of Economic Development will consider the likelihood that the investment would have occurred without the reinvestment payment, and other criteria listed in the legislation and rules to be developed by the Board. The reinvestment payment may be transferred to other entities.


Incentive Contact

Contact Name Hunter Roberts
Department South Dakota Governor's Office of Economic Development

Address 711 E. Wells Ave.

Place Pierre, South Dakota
Zip/Postal Code 57501
Phone (605) 773-3301


Email Hunter.Roberts@state.sd.us

     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: SB 235
Date Effective 2013-03-25
Date Enacted 2013-03-25



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"