Renewable Energy Tax Incentive Program (Texas)
Last modified on February 12, 2015.
|Applies to States or Provinces||Texas|
|Name||Renewable Energy Tax Incentive Program (Texas)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Texas Comptroller's Office|
|Primary Website|| http://seco.cpa.state.tx.us/re/incentives-taxcode-statutes.php
| Last Substantive Modification
The Renewable Energy Tax Incentive Program provides various tax exemptions to businesses that either use or manufacture or install solar or wind energy. They can receive franchise tax deductions and/or exemptions. There also exists a property tax exemption involving solar, wind, biomass, and anaerobic digestion for business installation or construction of such systems. The program is administered through the State Energy Conservation Office and is available to manufacturers, sellers, or installers, and for installations.
|Department||Comptroller of Public Accounts|
|Division|| Tax Policy Division