Rutgers University | NJAES | SEBS     New Jersey Agricultural Experiment Station

Renewable Electricity Production Tax Credit (PTC)

The tax credit provides 2.3/kWh for wind, geothermal, closed-loop biomass; 1.1/kWh for other  eligible technologies. Generally applies to first 10 years of operation.

Terms & Qualifications:

  • The PTC is a per-kilowatt-hour tax credit for electricity generated by qualified energy resources and sold by the taxpayer to an unrelated person during the taxable year.
  • Marine and hydrokinetic energy production is eligible for tax credit.

Forms:
http://www.irs.gov/pub/irs-pdf/f8835.pdf

Program Administrator:
US Internal Revenue Service (IRS)

Additional websites:
http://www.epa.gov/agstar/tools/funding/incentive/USfederalrenewableelectricityproductio.html

See program website for expiration dates.

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