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Renewable Energy Production Tax Credit (Corporate) (Arizona)
Incentive/Active true  +
Incentive/Amt Wind and Biomass: 0.01/kWh, paid for 10 years<br /> Solar: Varies by year (see below), paid for 10 years  +
Incentive/ApplDsc Commercial  +
Incentive/Auth2Code Program Guidelines  +
Incentive/Auth2DtEff 2013-02-05  +
Incentive/Auth2Link http://www.azdor.gov/LinkClick.aspx?fileticket=FW9Ym9tAbMg=&tabid=316  +
Incentive/AuthCode A.R.S. § 43-1083.02  +
Incentive/AuthDtEff 2010-12-31  +
Incentive/AuthDtEnact 2010-05-11  +
Incentive/AuthExpireDt 2020-12-31  +
Incentive/AuthLink http://www.azleg.gov/FormatDocument.asp?inDoc=/ars/43/01083-02.htm&Title=43&DocType=ARS  +
Incentive/CarOvProv Unused credit may be carried forward for 5 years  +
Incentive/ContAddr PO Box 25248  +
Incentive/ContDept Arizona Department of Revenue  +
Incentive/ContDiv Renewable Energy Production Tax Credit Program  +
Incentive/ContEmail gmeyer@azdor.gov  +
Incentive/ContName Georganna Meyer  +
Incentive/ContPhone (602) 716-6927  +
Incentive/ContPlace Phoenix, Arizona  +
Incentive/ContWebsite http://www.revenue.state.az.us/  +
Incentive/ContZip 85002  +
Incentive/EligSysSize 5 MW minimum  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ExpireDt December 31, 2020  +
Incentive/ExpireDtString 2020-12-31  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc 2 million per year  +
Incentive/Name Renewable Energy Production Tax Credit (Corporate)  +
Incentive/ProgAdmin Arizona Department of Revenue  +
Incentive/ProgBudget $20 million per calendar year (includes personal tax credit)  +
Incentive/StartDate December 31, 2010  +
Incentive/StartDateString 2010-12-31  +
Incentive/Summary <div> [http://www.azleg.gov/FormatD
<div> [http://www.azleg.gov/FormatDocument.asp?inDoc=/legtext/49leg/2r/bills/sb1254h.htm Senate Bill 1254] of 2010 created a tax credit for electricity produced by certain renewable resources. Qualified renewable energy systems installed on or after December 31, 2010, may be eligible for the tax credit based on the amount of electricity produced annually for a 10-year period. The Arizona Department of Revenue (DOR) will accept applications annually between January 2 and January 31 of the year following the year for which the credit is being claimed. The DOR will approve the applications on a first-come, first-served basis until the annual cap of $20 million has been reached. This cap includes both personal and corporate tax credits combined. The DOR will maintain a list of approved applicants. Once a taxpayer is given a position in the list, the taxpayer will remain in that position for the full 10-year period, but the taxpayer must submit a new application every year. If the taxpayer fails to submit a completed application within the one-month window in which the DOR accepts applications, the taxpayer will forfeit the taxpayer's position in the list. If a taxpayer loses position in the list, the taxpayer may apply in the following year for a new position in the list.<br> <br> The maximum tax credit that can be claimed for a qualified system in any one year is $2 million. The tax credit for wind and biomass* systems equals $0.01 per kilowatt-hour (kWh) for the first 200,000 megawatt-hours (MWh) of electricity produced in a calendar year for a period of ten years. The tax credit for photovoltaics (PV) and solar thermal electric systems varies depending on the year of electricity production according to the following schedule: </div> * Year 1: $0.04 per kWh * Year 2: $0.04 per kWh * Year 3: $0.035 per kWh * Year 4: $0.035 per kWh * Year 5: $0.03 per kWh * Year 6: $0.03 per kWh * Year 7: $0.02 per kWh * Year 8: $0.02 per kWh * Year 9: $0.015 per kWh * Year 10: $0.01 per kWh <div> Application materials can be found at the DOR web site above.<br> <br> <br> *'' For the purpose of this tax credit, biomass includes forest-related material, as defined; agricultural-related materials, as defined; animal waste and solid woody waste materials, as defined; crops and trees planted for the purpose of being used to produce energy; landfill gas; waste water treatment gas; and bio-solids.'' </div>
atment gas; and bio-solids.'' </div>  +
Incentive/TechDsc Biomass + , Landfill Gas + , Photovoltaics + , Solar Thermal Electric + , Wind +
Incentive/Type Corporate Tax Credit +
OpenEI/PageDescription Renewable Energy Production Tax Credit (Corporate): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Arizona  + , Corporate Tax Credit  + , Arizona Department of Revenue  +
Place Arizona: Energy Resources +
Website http://www.azdor.gov/TaxCredits/RenewableEnergyProductionTaxCredit.aspx  +
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.
23:50:33, 12 February 2015  +
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