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North Dakota

North Dakota

Incentives/Policies for Renewables & Efficiency

Printable Version
Renewable Energy Tax Credit   

Last DSIRE Review: 07/28/2014
Program Overview:
State: North Dakota
Incentive Type: Corporate Tax Credit
Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Electric, Geothermal Heat Pumps, Anaerobic Digestion, Renewable Fuels, Fuel Cells using Renewable Fuels, Geothermal Direct-Use
Applicable Sectors: Commercial, Industrial, Agricultural
Amount:15% (3% per year for five years)
Maximum Incentive:Not specified
Eligible System Size:Not specified
Carryover Provisions:Varies by technology and installation date (see below)
Start Date:01/01/2001
Expiration Date:12/31/2014
Web Site: http://www.nd.gov/tax/taxincentives/income/energycredit.html
Authority 1:
Date Enacted:
Date Effective:
Expiration Date:
ND Century Code 57-38-01.8
03/26/2001
01/01/2001
12/31/2014
Summary:

North Dakota offers a corporate income tax credit for the cost of acquiring and installing a geothermal, solar, biomass, or wind energy system in a building or on property owned or leased by the taxpayer in North Dakota. For systems installed after December 31, 2000, and before January 1, 2015, the credit is equal to 3% per year for 5 years of the actual cost of acquisition and installation of the system.

The installation costs do not include costs of redesigning, remodeling or otherwise altering the structure of a building in which the renewable energy system is installed. If an eligible renewable energy system is a part of a system that uses other means of energy, only the portion of the total system directly attributable to the cost of the renewable energy system is included in determining the credit amount.

In general, if the amount of credit exceeds the taxpayer’s income tax liability, the excess may be carried over to each of the 5 succeeding taxable years. However, any excess tax credits earned for wind energy systems installed after September 30, 2008, and before January 1, 2012, may be carried over to each of the 20 succeeding taxable years. For geothermal, solar, or biomass systems installed after September 30, 2008, and wind energy devices installed after December 31, 2011, any excess may be used as a credit carryover to each of the 10 succeeding taxable years.

A pass-through entity that installs an eligible system in or on a property it owns or leases is considered to be the taxpayer. The amount of the credit allowed with respect to the entity's investments is determined at the pass-through entity level and must be passed through to the corporate partners, shareholders, or members proportionally.

For eligible systems installed after December 31, 2006, if system ownership is transferred at the time installation is complete and the system is fully operational, the purchaser of the device is eligible for the tax credit under this section. Subsequent purchasers of the device are not eligible for the credit.


 
Contact:
  Public Information - State Tax Commissioner
Office of the State Tax Commissioner
State Capitol
600 East Boulevard Ave.
Bismarck, ND 58505-0599
Phone: (701) 328-2770
E-Mail: taxinfo@nd.gov
Web Site: http://www.nd.gov/tax
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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.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.