Wind Energy System Corporate Tax Credit (Hawaii)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Wind Energy System Corporate Tax Credit|
|Incentive Type||Corporate Tax Credit|
|Energy Category||Renewable Energy Incentive Programs|
|Carryover Provisions|| N/A
|Expiration Date|| 2003-07-01
|Maximum Incentive|| none
|Program Administrator||Hawaii Department of Taxation|
This income tax credit allows individuals and corporations a credit of 20% of the cost of equipment and installation of a residential or non-residential wind energy system. The credit is to be applied in the year in which the system is purchased and placed into use, and there is no limit to the total amount of the credit. Tax credits that exceed the taxpayer’s income tax liability may be used as credit against the taxpayer’s income tax liability in subsequent years until exhausted.
Authorities (Please contact the if there are any file problems.)
|Authority 1:||HRS 235-12(b)(1)|
|Contact Name||Information Specialist|
|Department||Hawaii Department of Taxation|
|Division||Taxpayer Services Branch|
|Address||P.O. Box 259|
|Phone|| (808) 587-4242
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.