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Renewable Energy Tax Credit (Personal) (Kentucky)
Incentive/Active true  +
Incentive/Amt PV: 3/W DC <br /> All other systems: 30% of eligible costs  +
Incentive/ApplDsc Multi-Family Residential  + , Residential  +
Incentive/AuthCode KRS § 141.435 et seq.  +
Incentive/AuthDtEff 2009-01-01  +
Incentive/AuthExpireDt 2015-12-31  +
Incentive/AuthLink http://www.lrc.ky.gov/KRS/141-00/CHAPTER.HTM  +
Incentive/CarOvProv Excess credit may be carried forward for one year.  +
Incentive/ContAddr 501 High Street  +
Incentive/ContDept Kentucky Department of Revenue  +
Incentive/ContName Taxpayer Services  +
Incentive/ContPhone (502) 564-4581  +
Incentive/ContPlace Frankfort, Kentucky  +
Incentive/ContWebsite http://revenue.ky.gov/  +
Incentive/ContZip 40620  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/EquipReqs Solar water heaters must use OG-100 SRCC c
Solar water heaters must use OG-100 SRCC certified collectors with minimum 5-year warranty.<br /> PV systems must meet the requirements of Article 690 of the National Electrical Code, and use solar photovoltaic panels and inverters that are rated and listed by Underwriters Laboratories.<br /> Wind turbines must meet AWEA's wind industry consensus standards.<br /> Closed loop geothermal heat pumps must have EER of 14.1 and COP of 3.6<br /> Open loop geothermal heat pump must have EER of 16.2 and COP of 3.5<br /> DX geothermal heat pump must have EER of 15 and COP of 3.5.
t pump must have EER of 15 and COP of 3.5.  +
Incentive/ExpireDt December 31, 2015  +
Incentive/ExpireDtString 2015-12-31  +
Incentive/ImplSector State/Territory  +
Incentive/InstallReqs Solar hot water, active solar space heating, and PV systems must be installed by a NABCEP-certified installer.  +
Incentive/MaxInc 500 for solar and wind installations; 250 for geothermal installations.  +
Incentive/Name Renewable Energy Tax Credit (Personal)  +
Incentive/ProgAdmin Kentucky Department of Revenue  +
Incentive/StartDate January 1, 2009  +
Incentive/StartDateString 2009-01-01  +
Incentive/Summary In April 2008, Kentucky enacted legislatio
In April 2008, Kentucky enacted legislation establishing a 30% state income tax credit for certain renewable energy installations on residential and commercial property (see the [http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=KY31F&re=1&ee=1 Kentucky Renewable Energy Tax Credit (Corporate)] for more information on taking the credit for installations on commercial property).<br> <br> Kentucky taxpayers may take the 30% credit against individual income taxes for any of the following equipment installed on their principal residence: * Active or passive solar space-heating systems * Combined active solar space-heating and water-heating systems * Solar hot water systems * Wind turbines * Closed-loop geothermal heat pumps * Open-loop geothermal heat pumps * Direct expansion (DX) geothermal heat pumps The maximum tax credit allowed per taxpayer is $250 for geothermal technologies, and $500 for solar hot water and wind technologies. In addition, Kentucky residents may take a credit equal to $3.00 per watt (DC) of rated capacity for the installation of a photovoltaic (PV) system, with a maximum credit of $500.<br> <br> To be eligible, wind and solar hot water equipment must have a manufacturer’s warranty of five years or more. Solar hot water systems must also have an installer's warranty of two years or more, and must use collectors certified by the Solar Rating and Certification Corporation (SRCC) under OG-100. Solar energy systems must be installed by a North American Board of Certified Energy Practitioners (NABCEP)-certified installer. PV panels and inverters must meet article 690 of the National Electrical Code (NEC) and be certified by Underwriters Laboratories (UL).<br> <br> Wind turbines must meet the wind industry consensus standards developed by the American Wind Energy Association (AWEA) and U.S. Department of Energy. Wind turbines must also meet the requirements of article 705 of the NEC, and must be UL-certified. Geothermal systems must meet certain guidelines for their Energy Efficiency Ratio (EER) and Coefficient of Performance (COP).<br> <br> The credit may be carried forward for one year. It is effective for taxable years 2009-2015. To claim the tax credit, use [http://revenue.ky.gov/NR/rdonlyres/48AE6EE9-F239-452C-8FAF-CE6A594C96B2/0/11_41A720S75695K10110002corp_FINAL.pdf Form 5695-K - Kentucky Energy Efficiency Products Tax Credit - Form 41A720-S7] available on the Kentucky Department of Revenue web site.
e Kentucky Department of Revenue web site.  +
Incentive/TechDsc Ground Source Heat Pumps + , Passive Solar Space Heat + , Photovoltaics + , Solar Space Heat + , Solar Water Heat + , Wind +
Incentive/Type Personal Tax Credit +
OpenEI/PageDescription Renewable Energy Tax Credit (Personal): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Kentucky  + , Personal Tax Credit  + , Kentucky Department of Revenue  +
Place Kentucky: 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.
23:54:37, 12 February 2015  +
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