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Biomass Energy Production Incentive (South Carolina)
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/Amt 0.01 per kWh / 0.30 per therm  +
Incentive/ApplDsc Agricultural  + , Commercial  + , Industrial  +
Incentive/Auth2Code HB 3649  +
Incentive/Auth2DtEff 2008-05-29  +
Incentive/Auth2DtEnact 2008-05-29  +
Incentive/Auth2Link http://www.scstatehouse.gov/sess117_2007-2008/bills/3649.htm  +
Incentive/AuthCode S.C. Code § 12-63-20  +
Incentive/AuthDtEff 2008-07-01  +
Incentive/AuthDtEnact 2007-06-27  +
Incentive/AuthExpireDt 2018-06-30  +
Incentive/AuthLink http://www.scstatehouse.gov/code/t12c063.php  +
Incentive/ContAddr 1200 Senate Street  +
Incentive/ContAddr2 408 Wade Hampton Building  +
Incentive/ContDept South Carolina Energy Office  +
Incentive/ContName Public Information  +
Incentive/ContPhone (803) 737-8030  +
Incentive/ContPhone2 (800) 851-8899  +
Incentive/ContPlace Columbia, South Carolina  +
Incentive/ContWebsite http://www.energy.sc.gov/  +
Incentive/ContZip 29201  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ExpireDt June 30, 2018  +
Incentive/ExpireDtString 2018-06-30  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc 100,000 per fiscal year per taxpayer; 2.1 million per fiscal year for all taxpayers  +
Incentive/Name Biomass Energy Production Incentive  +
Incentive/ProgAdmin South Carolina Energy Office  +
Incentive/StartDate May 29, 2008  +
Incentive/StartDateString 2008-05-29  +
Incentive/Summary '''Note: New claimaints are only eligible
'''Note: New claimaints are only eligible to receive this credit through June 30th, 2018 and will not be eligible to receive the credit for a full five year term.''' In 2007 South Carolina enacted the ''Energy Freedom and Rural Development Act'', which provides production incentives for certain biomass-energy facilities. Eligible systems earn $0.01 per kilowatt-hour (kWh) for electricity generated or $0.30 per therm (100,000 Btu) for energy produced from biomass resources. These incentives are available to systems that did not produce energy from biomass resources before June 30, 2008, or systems that increase production by at 25% over their greatest three-year average before June 30, 2008. The incentive payment is also applicable to energy from a qualifying facility placed in service and first producing energy on or after July 1, 2008. The maximum incentive is $100,000 per taxpayer per year. Incentives will be paid beginning on the date the system was placed in service. No incentives will be awarded after June 30, 2018. All claims will be paid from the state's general fund, and total claims may not exceed $2.1 million per fiscal year. As of August 2009, the South Carolina Department of Revenue had distributed $300,000 in payments. The incentive payment for the production of electricity or thermal energy may not be claimed for both electricity and energy produced from the same biomass resource.<br> <br> For the purposes of this incentive, a biomass resource is defined as "wood, wood waste, agricultural waste, animal waste, sewage, landfill gas, and other organic materials, not including fossil fuels."<br> <br> For more information about how to apply for the incentive, review the [http://www.sctax.org/NR/rdonlyres/2B32CC17-E0BC-4CC0-9EC5-F8EEC50F022E/0/L2201.pdf program application].
C50F022E/0/L2201.pdf program application].  +
Incentive/TechDsc Anaerobic Digestion + , Biomass + , CHP/Cogeneration + , Landfill Gas +
Incentive/Terms Systems that first produce energy on or after 7/1/2008 will receive payments for five years; no incentive payments will be made after 6/30/2018.  +
Incentive/Type Performance-Based Incentive +
OpenEI/PageDescription Biomass Energy Production Incentive: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , South Carolina  + , Performance-Based Incentive  + , South Carolina Energy Office  +
Place South Carolina: Energy Resources +
Categories Financial Incentive Programs , Incentive with Contacts , Incentive with Authorities , Pages with reference errors
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.
18:12:57, 12 February 2015  +
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