$50,000 Tax Credits for Commercial Energy Systems

The Utah State Energy Program administers an individual income tax credit and has responsibility for revising the tax credit rules and certifying systems as eligible for the credit.  The individual income tax credit for commercial systems, which is structured as a refundable credit, is 10% of the reasonable installed costs up to $50,000 for wind, geothermal electric, and biomass systems with a total capacity of less than 660 kW and for all other eligible renewable energy systems. A business entity that leases a commercial system is eligible for the credit and may use the credit for no more than seven years from the initiation of the lease.  Eligible commercial systems include active and passive solar thermal systems; solar electric systems; wind turbines; hydro (water) energy; geothermal heat pumps; direct-use geothermal; and geothermal electricity; and biomass systems. Contact:  State Energy Program, 1594 West North Temple, Suite 3110, PO Box 146100, Salt Lake City, UT 84114; 801-537-3365; Fax:  801-538-4795; http://geology.utah.gov/sep/incentives/rincentives.htm#retaxcred

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