Buyer's Guide 2024
Renewable Electricity Production Tax Credit (PTC)
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- Corporate Tax Credit
- Implementing Sector
- Federal
- State
- Federal
- Eligible Storage Technologies
- Geothermal Electric, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Municipal Solid Waste, Landfill Gas, Tidal, Wave, Ocean Thermal, Wind (Small), Hydroelectric (Small)
- Incentive Amount
- Systems Commencing construction prior to January 1, 2021:
Wind: $0.015/kWh
Geothermal, Closed-loop Biomass: $0.025/kWh
Other eligible technologies: $0.013/kWh
Applies to first 10 years of operation - Maximum Incentive
- None specified
- Eligible System Size
- Marine and Hydrokinetic: Minimum nameplate capacity rating of 150 kW
Open-Loop Biomass Facilities Using Agricultural Livestock Waste: Minimum nameplate capacity of 150 kW - Equipment Requirements
- None specified
- Installation Requirements
- None specified
- Carryover Provisions
- 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.
- Administrator
- U.S. Internal Revenue Service
- Applicable Sectors
- Commercial, Industrial
- Budget
- Last Updated
- 01/27/2021
- Funding Source
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