Energy Savings Tax Credit (Corporate) (Indiana)

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place	Indiana
Name	Energy Savings Tax Credit (Corporate)
Incentive Type	Corporate Tax Credit
Applicable Sector	Commercial
Eligible Technologies	Central Air conditioners, Furnaces, Programmable Thermostats, Water Heaters
Active Incentive	No
Incentive Inactive Date	2011-03-01
Implementing Sector	State/Territory
Energy Category	Energy Efficiency Incentive Programs
Amount	20% of qualified expenditures
Carryover Provisions	Carryover not permitted
Start Date	2009-01-01
Maximum Incentive	100 per taxable year
Program Administrator	Indiana Department of Revenue
Website	http://www.in.gov/dor/reference/files/ib100.pdf
References	DSIRE

Summary

This tax credit is no longer available. This entry is for informational purposes only.

Indiana offers a tax credit to individuals and small businesses for the costs associated with purchasing Energy Star qualified air conditioners, furnaces, programmable thermostats and water heaters (collectively heating and cooling equipment). The credit may be claimed against the state income tax, insurance premium tax, or financial institutions tax. The amount of the tax credit is set at 20% of the expenditures for qualified heating and cooling equipment up to $100 per taxable year. Credits in excess of a taxpayer's liability for a given year may not be refunded, carried over to succeeding years, or carried back to prior years.

Pass through entities such as partnerships and limited liability corporations (LLC) are permitted to pass the tax credit to individual partners or shareholders based on the individual's share of the entity's distributable income. Individuals using this option remain entitled to take an additional tax credit for their own personal qualified energy savings expenditures, but may not take more than one tax credit for the same project.

It is important to note that the energy savings tax credit can only be claimed for the 2009 and 2010 tax years. The total value of all credits granted under this law cannot exceed $1 million per fiscal year.

Incentive Contact

Contact Name	Public Information
Department	Indiana Department of Revenue
Address	100 N Senate Ave
Place	Indianapolis, Indiana
Zip/Postal Code	46204
Phone	(317) 232-2240
Email	individualtaxassistance@dor.in.gov
Website	http://www.in.gov/dor/index.htm

Authorities (Please contact the if there are any file problems.)

Authority 1:	Ind. Code § 6-3.1-31.5
Date Effective	2009-01-01
Date Enacted	2007-05-04
Expiration Date	2010-12-31

• Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.