Rutgers University | NJAES | SEBS     New Jersey Agricultural Experiment Station

Business Energy Investment Tax Credit (ITC)

Corporate Tax Credit For Renewable/Other Technologies:

Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Geothermal Heat Pumps, Municipal Solid Waste, Combined Heat & Power, Fuel Cells using Non-Renewable Fuels, Tidal, Wind (Small), Geothermal Direct-Use, Fuel Cells using Renewable Fuels and Microturbines

2020 Incentive Amounts:

  • 26% PV, Solar Water Heating, Solar Space Heating/Cooling, Solar Process Heat.
  • 26% Hybrid Solar Lighting, Fuel Cells, Small Wind.
  • 10% Geothermal Heat Pumps, Microturbines, Combine Heat and Power Systems.
  • 10% Geothermal Electric
  • N/A  Large Wind

2021 Incentive Amounts:

  • 22% PV, Solar Water Heating, Solar Space Heating/Cooling, Solar Process Heat.
  • 22% Hybrid Solar Lighting, Fuel Cells, Small Wind.
  • 10% Geothermal Heat Pumps, Microturbines, Combine Heat and Power Systems.
  • 10% Geothermal Electric
  • N/A  Large Wind

Terms and Requirements:
See program website for expiration dates, details, forms and instructions.

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