Geothermal Tax Credit (North Dakota)

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place	North Dakota
Name	Geothermal Tax Credit
Incentive Type	Personal Tax Credit
Applicable Sector	Residential, Estates, Trusts
Eligible Technologies	Geothermal Electric, Geothermal Heat Pumps
Active Incentive	Yes
Implementing Sector	State/Territory
Energy Category	Renewable Energy Incentive Programs
Amount	15% (3% per year for five years)
Carryover Provisions	Excess credit may be carried over to each of the 10 succeeding taxable years
Start Date	2009-01-01
Expiration Date	2014-12-31
Program Administrator	North Dakota Department of Commerce
Website	http://www.nd.gov/tax/taxincentives/income/energycredit.html
References	DSIREDatabase of State Incentives for Renewables and Efficiency

Summary

North Dakota offers an income tax credit to individuals, estates and trusts for the cost of acquiring and installing a geothermal energy system in a building or on property owned or leased by the taxpayer in North Dakota. For systems installed after December 31, 2008, and before January 1, 2015, the credit is equal to 3% per year for five years of the actual cost of acquisition and installation of the system. Any excess may be used as a credit carryover to each of the 10 succeeding taxable years.

If the taxpayer holds an interest in a pass-through entity (such as a partnership or S-corporation) that installs a geothermal system, the credit is passed through to the taxpayer in proportion to its interest in the entity.

Incentive Contact

Contact Name	Public Information - State Tax Commissioner
Department	Office of the State Tax Commissioner
Address	State Capitol
Address 2	600 East Boulevard Ave.
Place	Bismarck, North Dakota
Zip/Postal Code	58505-0599
Phone	(701) 328-2770
Email	taxinfo@nd.gov
Website	http://www.nd.gov/tax

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

Authority 1:	ND Century Code 57-38-30.3
Date Effective	2009-01-01
Date Enacted	2009-04-09
Expiration Date	2014-12-31

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