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Tax Credit

USA: Extended Tax Credits for Weak Solar Thermal Market

Submitted by Baerbel Epp on February 24, 2016
CalseiaAgainst all odds, the solar heating tax credits in the USA were extended again by 5 years. On 18 December 2015, the Consolidated Appropriations Act was signed, including an extension of the so-called federal Investment Tax Credits up to 2021. Originally, the tax incentives were expected to end on 31 December 2016 after an eleven-year period since 2005, with one previous extension in 2008. They allow both residential and commercial investors of solar PV and solar thermal systems to deduct 30 % of the investment costs at the next tax declaration.

Guidelines for Determining Tax Credit for Investing in Renewable Energy Property – North Carolina (2008)

Submitted by Raquel Ponte Costa on June 13, 2015

This document describes the North Carolina state tax credit for investing in renewable energy property and explains new tax credit provisions for taxpayers who donate to nonprofits and units of state and local government to enable the tax exempt-entity to acquire renewable energy property. It includes definitions of all the terminology mentioned in the document, as well as charts with credit limits for all solar equipment. For solar thermal technology, it defines eligible and ineligible expenditures with requirements.

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