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Renewable Electricity Production Tax Credit (PTC) (Federal)
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/Amt 0.023/kWh for wind, geothermal, closed-loop biomass; 0.011/kWh for other eligible technologies. Generally applies to first 10 years of operation.  +
Incentive/ApplDsc Commercial  + , Industrial  +
Incentive/Auth2Code H.R. 8 (American Taxpayer Relief Act of 2012)  +
Incentive/Auth2DtEff 2013-01-02  +
Incentive/Auth2DtEnact 2013-01-02  +
Incentive/Auth2Link http://thomas.loc.gov/cgi-bin/query/z?c112:H.R.8.ENR:  +
Incentive/Auth3Code IRS Notice 2013-29  +
Incentive/Auth3DtEnact 2013-04-15  +
Incentive/Auth3Link http://www.irs.gov/pub/irs-drop/n-13-29.pdf  +
Incentive/Auth4Code IRS Notice 2013-60  +
Incentive/Auth4DtEnact 2013-09-20  +
Incentive/Auth4Link http://www.irs.gov/pub/irs-drop/n-13-60.pdf  +
Incentive/Auth5Code IRS Notice 2014-46  +
Incentive/Auth5DtEnact 2014-08-08  +
Incentive/Auth5Link http://www.irs.gov/pub/irs-drop/n-14-46.pdf  +
Incentive/Auth6Code IRS Notice 2014–36  +
Incentive/Auth6DtEff 2014-01-01  +
Incentive/Auth6DtEnact 2014-05-27  +
Incentive/Auth6ExpireDt 2014-12-31  +
Incentive/Auth6Link http://www.irs.gov/irb/2014-22_IRB/ar07.html  +
Incentive/AuthCode 26 USC § 45  +
Incentive/AuthDtEnact 1992 (subsequently amended)  +
Incentive/AuthLink http://www.gpo.gov/fdsys/pkg/USCODE-2012-title26/pdf/USCODE-2012-title26-subtitleA-chap1-subchapA-partIV-subpartD-sec45.pdf  +
Incentive/CarOvProv Unused credits may be carried forward for up to 20 years following the year they were generated or carried back 1 year if the taxpayer files an amended return.  +
Incentive/ContAddr 1111 Constitution Avenue, N.W.  +
Incentive/ContDept U.S. Internal Revenue Service  +
Incentive/ContName Public Information - IRS  +
Incentive/ContPhone (800) 829-1040  +
Incentive/ContPlace Washington, District of Columbia  +
Incentive/ContWebsite http://www.irs.gov  +
Incentive/ContZip 20224  +
Incentive/EligSysSize Marine and Hydrokinetic: Minimum capacity of 150 kW <br /> Agricultural Livestock Waste: Minimum capacity of 150 kW  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ExpireDtString Varies by technology  +
Incentive/ImplSector Federal  +
Incentive/Name Renewable Electricity Production Tax Credit (PTC)  +
Incentive/ProgAdmin U.S. Internal Revenue Service  +
Incentive/Summary '''''Note: This credit expired at the end
'''''Note: This credit expired at the end of 2013. Projects that were not under construction prior to January 1, 2014, are ineligible for this credit. See below for more information about determining when construction has commenced on a project. ''''' The federal renewable electricity production tax credit (PTC) is a per-kilowatt-hour (kWh) tax credit for electricity generated by qualified energy resources and sold by the taxpayer to an unrelated person during the taxable year. Originally enacted in 1992, the PTC has been renewed and expanded numerous times, most recently by the ''American Recovery and Reinvestment Act of 2009'' ([http://thomas.loc.gov/home/h1/Recovery_Bill_Div_B.pdf H.R. 1 Div. B, Section 1101 & 1102]) in February 2009 (often referred to as "ARRA") and the ''American Taxpayer Relief Act of 2012 ''(H.R. 6, Sec. 407) in January 2013. The January 2013 legislation revised the credit by: (1) removing "placed in service" deadlines and replacing them with deadlines that use the beginning of construction as a basis for determining facility eligibility; (2) extending the deadline for wind energy facilities by one year, from December 31, 2012, to December 31, 2013; (3) extending the permission for PTC-eligible facilities to claim the [http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US02F&re=1&ee=1 Investment Tax Credit] (ITC) through 2013 (also using the start of construction rather than placed-in-service date as a reference); and (4) revising the definition of the term "municipal solid waste" to exclude "paper that is commonly recycled and which has been segregated from other solid waste.” The definitional change for municipal solid waste applies to electricity produced and sold after the enactment date of the legislation (January 2, 2013) in taxable years ending after that date. '''Credit Amount''' The tax credit amount is $0.015 per kWh in 1993 dollars for some technologies and half of that amount for others. The amount is adjusted for inflation by multiplying the tax credit amount by the inflation adjustment factor for the calendar year in which the sale occurs, rounded to the nearest 0.1 cents. (For 2014, the inflation adjustment factor [http://www.irs.gov/irb/2014-22_IRB/ar07.html used by the Internal Revenue Service (IRS)] is 1.5088.) The table below outlines the credit amount as it applies to different resource types. The table includes changes made by H.R. 8 in January 2013, and the inflation-adjusted credit amounts are current for the 2014 calendar year, as published in the [http://www.irs.gov/irb/2014-22_IRB/ar07.html IRS Notice 2014-36]. {
{  +
Incentive/TechDsc Anaerobic Digestion + , Biomass + , Geothermal Electric + , Hydroelectric energy + , Landfill Gas + , Municipal Solid Waste + , Ocean Thermal + , Small Hydroelectric + , Tidal Energy + , Wave Energy + , Wind +
Incentive/Type Corporate Tax Credit +
OpenEI/PageDescription Renewable Electricity Production Tax Credit (PTC): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , United States  + , Corporate Tax Credit  + , U.S. Internal Revenue Service  +
Place United States: Energy Resources +
Website http://www.irs.gov/pub/irs-pdf/f8835.pdf  +
Has processing error
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Renewable Electricity Production Tax Credit (PTC) (Federal) +
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.
23:46:35, 12 February 2015  +
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