Incentives/Policies for Renewables & Efficiency
Last DSIRE Review: 01/15/2013
||Personal Tax Credit
|Eligible Renewable/Other Technologies:
||Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps, Low-Emission Wood Stoves, Small Hydroelectric, Fuel Cells using Renewable Fuels
|Maximum Incentive:||$500 per individual taxpayer; up to $1,000 per household|
|Eligible System Size:||Hydroelectric systems not to have generation capacity greater than 1 MW|
|Equipment Requirements:||Systems must be new and in compliance with all applicable performance and safety standards|
|Carryover Provisions:||Excess credit may be carried forward four years|
MCA § 15-32-201|
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 means:
1. A system that captures energy or converts energy sources into usable sources, including electricity, by using:
- solar energy, including passive solar systems;
- solid waste;
- the decomposition of organic wastes;
- fuel cells that do not require hydrocarbon fuel; or
- an alternative energy system;
2. A system that produces electric power from biomass or solid wood wastes; or
3. A small system that uses water power by means of an impoundment that is not over 20 acres in surface area.
Montana Department of Environmental Quality
Energy Planning & Renewable Energy
1100 North Last Chance Gulch
PO Box 200902
Helena, MT 59620
Phone: (406) 841-5243
Fax: (406) 841-5091
Web Site: http://deq.mt.gov/energy/default.mcpx
Information Specialist - MT Dept. of Rev.|
Montana Department of Revenue
P.O. Box 5805
Helena, MT 59604-5805
Phone: (406) 444-6900
Web Site: http://mt.gov/revenue/
Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
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