Tax Credits

Below is a summary of the tax credit programs available through the IRS.

IRS

 


Program:
Combined Heat and Power Systems
Administrator: IRS
Region: Nationwide
Tax Credit Value: 10% of project value up to 15 MW of capacity
Project Criteria: Project must be smaller than 50MW
Eligible Projects: CHP system must be 60% efficient and produce 20% useful electricity and 20% useful thermal energy
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Program: Solar Energy Systems
Administrator: IRS
Region: Nationwide
Tax Credit Value: Up to $2,000 for PV, Up to $2,000 for solar thermal
Project Criteria: Solar water system must be certified by SRCC
Eligible Projects: Solar water heating, solar PV
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Program: Fuel Cells
Administrator: IRS
Region: Nationwide
Tax Credit Value: Up to $3,000
Project Criteria: Fuel cells installed on site to generate additional electricity
Eligible Projects: Efficiency of at least 30% and capacity of  0.5 kW
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Program: Microturbines
Administrator: IRS
Region: Nationwide
Tax Credit Value: $200 / kW
Project Criteria: Microturbine small power generation systems installed on site to convert natural gas to electricity
Eligible Projects: Efficiency of at least 26% and capacity of less than 2,000 kW
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Program: New Market Tax Credit
Administrator: IRS
Region: Nationwide
Tax Credit Value: Up to 39% of equity
Project Criteria: Equity investment in low-income housing
Eligible Projects: Poverty rate is at least 20% for the community, or median family income does not exceed 80% of statewide median income
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Program: Energy Efficient Home Tax Credit (45L)
Administrator: IRS
Region: Nationwide
Tax Credit Value: $2,000 per unit
Project Criteria: Construction complete by December 31, 2013. Project must include building envelope improvements.
Eligible Projects: New construction or rehabiliitation of multifamily units that use 50% less energy than 2006 International Energy Conservation Code.
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*Programs are subject to change without notice.

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