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Alternative Energy Production Tax Credit (Personal) (Pennsylvania)
Incentive/Active false  +
Incentive/Amt 15% of project costs  +
Incentive/ApplDsc Commercial  + , Industrial  + , Residential  +
Incentive/AuthCode 73 P.S. § 1649.701 et seq.  +
Incentive/AuthDtEff 2008-07-09  +
Incentive/AuthDtEnact 2008-07-09  +
Incentive/AuthExpireDt 2016-12-31  +
Incentive/AuthLink http://www.dsireusa.org/documents/Incentives/PA39F.htm  +
Incentive/CarOvProv Credit may be carried forward 5 years following the first year in which the taxpayer was entitled to claim the credit  +
Incentive/ContAddr Rachel Carson State Office Building  +
Incentive/ContAddr2 400 Market Street, 15th Floor  +
Incentive/ContDept Pennsylvania Department of Environmental Protection  +
Incentive/ContDiv Office of Energy and Technology Deployment  +
Incentive/ContName Public Information - Alternative Energy Tax Credit  +
Incentive/ContPhone (717) 783-0540  +
Incentive/ContPlace Harrisburg, Pennsylvania  +
Incentive/ContWebsite http://www.depweb.state.pa.us/energy  +
Incentive/ContZip 17105-8776  +
Incentive/EligSysSize Not specified  +
Incentive/EnergyCat Renewable Energy Incentive Programs  + , Energy Efficiency Incentive Programs  +
Incentive/EquipReqs Project must have a useful life of at least 4 years  +
Incentive/ExpireDt December 31, 2016  +
Incentive/ExpireDtString 2016-12-31  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc 1 million per taxpayer, per year; aggregate total limits vary by year  +
Incentive/Name Alternative Energy Production Tax Credit (Personal)  +
Incentive/PVResTCMaxDol $1,000  +
Incentive/PVResTCPercC 25%  +
Incentive/PoolResTCMaxDol $1,000  +
Incentive/PoolResTCPercC 25%  +
Incentive/ProgAdmin Pennsylvania Department of Environmental Protection  +
Incentive/SSHResTCMaxDol $1,000  +
Incentive/SSHResTCPercC 25%  +
Incentive/SWHResTCMaxDol $1,000  +
Incentive/SWHResTCPercC 25%  +
Incentive/StartDate July 9, 2008  +
Incentive/StartDateString 2008-07-09  +
Incentive/Summary '''''Note: The tax credit application wind
'''''Note: The tax credit application window for projects completed during 2008 has now expired.''''' In July 2008, Pennsylvania enacted H.B. 1 during a special legislative session devoted solely to energy policy. One of the provisions included in this legislation is an tax credit of 15% on investments in alternative energy production projects located within the state of Pennsylvania with an expected useful life of 4 years or longer. The term "alternative energy production project" is broadly defined to include a wide variety of technologies, including facilities that produce energy from wind, solar, biomass, geothermal, waste coal, waste energy, and alternative fuels as defined under the state [[Alternative Energy Portfolio Standard (AEPS).] Also eligible are facilities that manufacture alternative energy and energy efficiency products and components; facilities that perform alternative energy research and development; and projects for the development or enhancement of rail transportation systems that deliver alternative fuels or use high efficiency locomotives. Eligible taxpayers are those who pay personal income taxes, corporate income taxes, or the capital-stock and foreign franchise tax (referenced in the legislation as Articles III, IV, and VI of the Pennsylvania Tax Reform Code of 1971). Any taxpayer that "develops or constructs" an eligible project may apply for the tax credit. Applications for the tax credit must be submitted to the Department of Revenue by September 15 of each year for project investments made during the previous calendar year. For 2009 applications, investments must have been made between July 9, 2008 (the effective date of the legislation) and December 31, 2008 in order to qualify for a tax credit. The tax credit is available for all development, equipment and construction costs paid for qualifying alternative energy projects, but may not exceed $1 million per taxpayer per year. Taxpayers must deduct the amount of any federal, state, and local government grant or subsidy when determining their cost basis. Taxpayers that are unable to use whole amount of the credit during the year in which it is first approved may carry forward the remaining balance for up to five years following the first year of eligibility. Credits may not be carried back or used to generate a tax refund. For individuals it is important to note that the tax credit '''may not''' be applied to a joint tax return. With the approval of the DEP, credits may be sold or assigned to another party if no claim for the credit is made within one year of application approval. Any party that purchases or is assigned a credit must claim the tax benefit immediately and may not carry any portion forward to another year. The amount of the credit claimed by a purchaser or an assignee may not exceed 50% of their qualified tax liability for that year. Pass-through entities, defined as partnerships and S-corporations, are permitted to transfer all or part of the credit to shareholders, members, or partners in proportion to their share of the distributed income. Transferred credits must be redeemed during the year they are transferred. Credits obtained in this fashion do not effect alternative energy production tax credits to which a person is otherwise entitled. In other words, the credit available to a homeowner that installs a qualified system is treated entirely separately from credits transferred to the homeowner from a pass-through entity. The law also defines the total amount of tax credits that may be approved each year as follows: ]] * [[FY 2009 through FY 2012: $5 million ]] * [[FY 2013: $8 million ]] * [[FY 2014 through FY 2015: $10 million ]] * [[FY 2016: $2 million]] If approved applications exceed these limits in a given year, each taxpayer's credit will be pro-rated so that the total value of approved credits complies with these restrictions. No credits may be approved after December 31, 2016. The DEP is required to submit a report to the legislature by September 1st of each year summarizing the effectiveness of the credit and including information such as claimant names, credits claimed, project types, and jobs created. Questions on tax credit applications and approvals should be directed to the Department of Environmental Protection, Office of Energy and Technology Deployment. The program website also contains the tax credit guidelines, application, and a list of frequently asked questions.
and a list of frequently asked questions.  +
Incentive/TechDsc Solar Water Heat + , Solar Space Heat + , Solar Thermal Electric + , Solar Thermal Process Heat + , Photovoltaics + , Landfill Gas + , Biomass + , Hydroelectric energy + , Geothermal Electric + , Fuel Cells + , Ground Source Heat Pumps + , Municipal Solid Waste + , CHP/Cogeneration + , Anaerobic Digestion + , Renewable Fuels + , Other Distributed Generation Technologies + , Wind +
Incentive/TechDscOther Unspecified technologies  +
Incentive/Type Personal Tax Credit +
Incentive/WindResTCMaxDol $1,000  +
Incentive/WindResTCPercC 25%  +
OpenEI/PageDescription Alternative Energy Production Tax Credit (Personal): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Pennsylvania  + , Personal Tax Credit  + , Pennsylvania Department of Environmental Protection  +
Place Pennsylvania: Energy Resources +
Website http://www.depweb.state.pa.us/energindependent/cwp/view.asp?a=3&q=547676  +
Categories Financial Incentive Programs , Incentive with Authorities , Incentive with Contacts , Quantitative Incentives , Tax Credits Incentives , Photovoltaic Incentives , Solar Water Heating Incentives , Solar Space Heating Incentives , Solar Pool Heating Incentives , Wind Incentives
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
17:52:51, 12 February 2015  +
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