Corporate Tax Credits for Renewable Energy Systems
Rhode Island offers a corporate tax credit for photovoltaic (PV) systems (on-grid and off-grid), solar hot-water systems, active solar-heating systems, wind-energy systems and geothermal-energy systems. The tax credit is equal to 25% of the system cost and applies only to residential installations. The credit is available to the resident or business that pays for the system. Eligible PV, active solar space heating, and wind-energy systems up to $15,000 are eligible for the full 25% credit. Eligible solar hot water and geothermal systems up to $7,000 are eligible for the full 25% credit. Contact: Rhode Island Office of Energy Resources, One Capitol Hill, Providence, RI 02908-5890; 401-574-9111; Fax: 401-574-9125; http://www.energy.ri.gov/programs/renewable.php
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