Renewable Energy Incentives
Building owners can take advantage of several onsite renewable generation incentives. The incentives apply to solar and wind systems placed in service from January 1, 2006 until December 31, 2016. The incentives are worth 30% of the installed cost of the system. The economic stimulus legislation also provides the option for owners to take a grant from the U.S. Treasury Department during 2009 and 2010 in lieu of the investment tax credit. http://energytaxincentives.org/business/renewables.php
Solar Energy Systems
Qualifying equipment will use solar energy to 1) generate electricity, or heat/cool or provide hot water to a structure, or 2) illuminate the inside of a building by means of fiber-optic distributed sunlight. http://seia.org/cs/solar_tax_policy
NTCIC can facilitate the syndication of these tax credits to investors, in combination with federal and available state historic tax credits.
Wind Systems
Businesses that install wind turbines with not more than 100 kilowatts of nameplate capacity are eligible for the 30% tax credit. http://www.awea.org/legislative/#SW
Fuel Cells and Microturbines
Fuel Cells – Credits are available for 30% of the cost, up to $3,000 per kW of power that can be produced. To qualify, systems must have an efficiency of at least 30% and must have a capacity of at least 0.5 kW.
Microturbines: Credits are for 10% of the cost, up to $200 per kW of power that can be produced. To qualify, systems must have an efficiency of at least 26% and must have a capacity of 2,000 kW or less. http://energytaxincentives.org/business/fuel_cells.php
Geothermal Systems
Qualified geothermal systems are ground source heat pumps with related equipment used to produce, distribute, or use energy derived from a geothermal source. Commercial customers can get an investment tax credit of 10% of the installed cost, available through 2016. The economic stimulus legislation also provides the option of taking a grant in lieu of the credit, worth 10% of the installed costs of equipment placed in service during 2009 and 2010. For systems where electricity is produced by geothermal power, equipment qualifies for an incentive only up to, but not including, the electric transmission stage.