Residential Renewable Energy Tax Credit (Corporate) (Rhode Island)

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• Summary
• Quantitative Data

Last modified on February 12, 2015.

Financial Incentive Program

Place	Rhode Island
Name	Residential Renewable Energy Tax Credit (Corporate)
Incentive Type	Corporate Tax Credit
Applicable Sector	Residential
Eligible Technologies	Geothermal Heat Pumps, Photovoltaics, Solar Space Heat, Solar Water Heat, Wind
Active Incentive	No
Incentive Inactive Date	2013-05-20
Implementing Sector	State/Territory
Energy Category	Renewable Energy Incentive Programs
Amount	25% of costs
Carryover Provisions	Credit may not be carried over to subsequent years
Eligible System Size	PV: minimum module size of 24 square feet Solar hot water: minimum collector area of 34 square feet Active solar heating: minimum collector area of 125 square feet Wind: minimum capacity of 250 watts at 28 mph Geothermal: minimum coefficient of performance of 3.4 or minimum efficiency ratio of 16
Maximum Incentive	Based on maximum system cost of $15,000 for PV, active solar space heating and wind; Based on $7,000 maximum system cost for solar hot water and geothermal
Program Administrator	Rhode Island Office of Energy Resources
Website	http://www.energy.ri.gov/renewable/index.php
References	Database of State Incentives for Renewables and Efficiency

Summary

Rhode Island offers a tax credit for photovoltaic systems (on-grid and off-grid), solar hot-water systems, active solar-heating systems, wind-energy systems and geothermal-energy systems installed on residences. The tax credit is equal to 25% of the system cost and applies only to residential installations. The credit is available to the business that pays for the system.

Photovoltaic (PV) systems must have a minimum module size of 24 square feet, and must either be connected to the grid or to a battery-storage system. PV systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for a PV system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)

Solar hot-water systems must have a minimum collector area of 34 square feet and must include a storage tank that holds at least 80 gallons. Solar hot-water systems up to $7,000 are eligible for the full 25% credit. (A resident or business that pays for a solar hot-water system that exceeds $7,000 in cost will receive a credit based on a $7,000 system cost.)

Active solar-heating systems must have a minimum collector area of 125 square feet, and must include a system for storing and/or distributing heat to the living area of a house. Active solar-heating systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for an active solar-heating system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)

Wind-energy systems must have a rotor diameter of at least 44 inches and a minimum factory-rated output of at least 250 watts (W) at 28 miles per hour. Wind-energy systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for a wind-energy system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)

Geothermal systems must have either a minimum coefficient of performance of 3.4, or an efficiency ratio of 16 or greater. All geothermal systems must have a commissioning sign-off by the manufacturer or distributor of the equipment to verify the proper installation and performance of the system. In addition, all geothermal systems must meet the following standards:

• ARI/ASHRAE/ISO-13256-1 for water-to-air geothermal systems
• ARI/ASHRAE/ISO-13256-2 for water-to-water geothermal systems
• ARI/ASHRAE/ISO-13256 GWHP for groundwater heat pumps
• ARI/ASHRAE/ISO-13256 GLHP for closed-loop heat pumps

Geothermal systems up to $7,000 are eligible for the full 25% credit. (A resident or business that pays for a geothermal system that exceeds $7,000 in cost will receive a credit based on a $7,000 system cost.)

The following systems are not eligible for the credit: passive solar space-heating systems, passive solar hot-water systems, sunspaces, solar greenhouses, PV and wind systems on boats or recreational vehicles, solar collectors for pools, existing renewable-energy systems, used renewable-energy equipment, and repairs and replacements of existing renewable-energy systems.

To apply for the tax credit, taxpayers must first obtain a system approval from the Rhode Island Office of Energy Resources (RI OER), which is to be attached to the income tax filing. The RI OER web site provides details on the criteria and application for system approval.

Incentive Contact

Contact Name	Charles Hawkins
Department	Rhode Island Office of Energy Resources
Address	One Capitol Hill
Place	Providence, Rhode Island
Zip/Postal Code	02908-5890
Phone	(401) 574-9100
Email	charlie.hawkins@energy.ri.gov
Website	http://www.energy.ri.gov

Contact Name	Public Information
Department	Rhode Island Division of Taxation
Address	One Capitol Hill
Place	Providence, Rhode Island
Zip/Postal Code	02908
Phone	(401) 574-8935
Phone 2	(401) 574-8922
Website	http://www.tax.state.ri.us/

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

Authority 1:	R.I.G.L. § 44-57-1, et seq.
Date Effective	2001-01-01
Date Enacted	2000-07-13

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

References

Tax Credits Solar Photovoltaic Incentives

PV Residential Tax Credit % Eligible Costs	25%
PV Residential Tax Credit Max $	$3,750

Tax Credits Solar Space Heating Incentives

SSH Residential Tax Credit % Eligible Costs	25%
SSH Residential Tax Credit Max $	$3,750

Tax Credits Solar Water Heating Incentives

SWH Residential Tax Credit % Eligible Costs	25%
SWH Residential Tax Credit Max $	$1,750
SWH Residential Min Size	60
SWH Residential Size Unit	sf

Tax Credits Wind Incentives

Wind Residential Tax Credit % Eligible Costs	25%
Wind Residential Tax Credit Max $	$3,750
Wind Tax Credit Min KW	0.25

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

References