Zero-Emission Facilities Production Corporate Tax Credit

For tax years beginning on or after January 1, 2003, a state income tax credit is available to producers of electric power using renewable energy resources from a zero-emission facility located in Oklahoma. The zero-emission facility must have a rated production capacity of one megawatt (1 MW) or greater. Eligible renewable energy resources include wind, moving water, sun, and geothermal energy. The construction and operation of the zero-emission facility must result in no pollution or emissions that are or may be harmful to the environment, as determined by the Department of Environmental Quality. For electricity generated on or after January 1, 2003, but prior to January 1, 2004, the amount of the credit is $0.0075 for each kilowatt-hour of electricity generated. For electricity generated after January 1, 2004, but prior to January 1, 2007, the amount of the credit is $0.0050/kWh. For electricity generated after January 1, 2007, but prior to January 1, 2012, the amount of the credit is $0.0025/kWh. Facilities placed in service on or after January 1, 2007 and before January 1, 2016, the amount of the credit is $0.0050/kWh. The tax credit is freely transferable at any time during the ten years following the year of qualification. This includes transfers or sales from non-taxable entities to taxable entities and transfers or sales from one taxable entity to another. Contact: Oklahoma Department of Commerce, Community Affairs and Development, 900 North Stiles Avenue, Oklahoma City, OK 73126; 405-815-5249; Fax: 405-841-9377; or Information Specialist – OTC, Oklahoma Tax Commission, Post Office Box 26800, Oklahoma City, OK 73126-0800; 405-521-3160;

Click here For More Information On free green grants .

We have Over 200 Programs Waiting For You!

What if you could access extra money for the things you need, without having to search endlessly to find it? What if you could find hundreds of programs quickly and easily, for less than a cup of coffee? Let us help you find access to programs that could change your current situation now. Whatever you need the money for, there are programs designed to help you now. We’ve been helping people for more than 30 years find and qualify for government funding. Hundreds Of Thousands Of Citizens Are Receiving Government Funding Now, Why Aren’t You? Find a program suited to your needs, and start helping yourself achieve the funding you desire!
  • Purchase a new family vehicle
  • Pay off your current credit cards
  • Clear any past due bills
  • Start a new business
  • Finally purchase that new home
  • Get funding for your non-profit
  • Get training in a new career
  • Go back to school
  • And much more!
Matthew Lesko

Find Funding For All These Life Expenses

You’ll receive access to these amazing services just by registering today:

  • 24/7 Email Access to answer ANY questions
  • Top-secret interview videos with government officials
  • The world’s most exclusive collection of Grants, Loans and other Free Services
  • 1-on-1 training with Matthew Lesko
  • Priority Notification of OVER 200 New Monthly Programs
  • Access to a team of experts to prepare customized reports
  • Assistance writing grants from trained Free Money Experts
  • Unlimited access to Matthew Lesko and His Researchers
  • – a dedicated team to help you find and utilize programs in your area
  • Free assistance filling out ANY government application
  Click here for more information

Leave a Reply

Your email address will not be published. Required fields are marked *