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.
US Internal Revenue Service (IRS)
See program website for expiration dates.