Residential Alternative Energy System Tax Credit

Program Residential Alternative Energy System Tax Credit
Category Financial Incentive
Implementing sector State
Last Update
State Montana
Administrator Montana Department of Environmental Quality
Website http://deq.mt.gov/Energy/EnergizeMT/Renewable/TaxIncentRenew#nonfossilgeneration
Start Date
Technologies Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics
Sectors Residential

Residential taxpayers who install an energy system using a recognized non-fossil form of energy on their home after December 31, 2001 are eligible for a tax credit equal to the amount of the cost of the system and installation of the system, not to exceed $500. This cap is for individual taxpayers, so married taxpayers filing jointly can get a tax credit of up to $1,000 per household. The tax credit may be carried over for the following four taxable years.

Recognized non-fossil forms of energy generation include systems that generate energy from solar, wind, solid waste, geothermal, fuel cells, biomass, wood waste, or small hydropower systems.  

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