Federal Incentives
Commercial
Business Energy Investment Tax Credit
Eligible Systems: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, CHP/Cogeneration, Solar Hybrid Lighting, Direct Use Geothermal, Microturbines
Amount: 30% for solar, fuel cells and small wind; 10% for geothermal, microturbines and CHP
Expires: December 31, 2016
Modified Accelerated Cost Recovery System (MACRS) + Bonus Depreciation (2008-2009)
Eligible Systems: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Renewable Transportation Fuels, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Solar Hybrid Lighting, Direct Use Geothermal, Anaerobic Digestion, Microturbines
Amount: If the property meets certain requirements, the owner is entitled to deduct 50% of the adjusted basis of the property in 2008 and 2009. The remaining 50% of the adjusted basis of the property is depreciated over the ordinary depreciation schedule. The bonus depreciation rules do not override the depreciation limit applicable to projects qualifying for the federal business energy tax credit. Before calculating depreciation for such a project, including any bonus depreciation, the adjusted basis of the project must be reduced by one-half of the amount of the energy credit for which the project qualifies.
Residential
Residential Renewable Energy Tax Credit
Eligible Systems: Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies
Expires: December 31, 2016
Kansas Incentives
Commercial
Renewable Energy Property Tax Exemption
Eligible Systems: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric
Description: This statute exempts renewable energy equipment from property taxes. Renewable energy includes wind, solar thermal electric, photovoltaic, biomass, hydropower, geothermal, and landfill gas resources or technologies that are actually and regularly used predominantly to produce and generate electricity. In addition, beginning in the 2002 tax year all personal property used to collect, refine, and treat landfill gas or transport landfill gas from a landfill to a transmission pipeline (i.e., not necessarily used for electricity generation) is also exempt from property taxes. This provision was added by SB 192 of 2005.
Local
Utility Companies
Residential
Renewable Energy Property Tax Exemption
Eligible Systems: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric
Description: This statute exempts renewable energy equipment from property taxes. Renewable energy includes wind, solar thermal electric, photovoltaic, biomass, hydropower, geothermal, and landfill gas resources or technologies that are actually and regularly used predominantly to produce and generate electricity. In addition, beginning in the 2002 tax year all personal property used to collect, refine, and treat landfill gas or transport landfill gas from a landfill to a transmission pipeline (i.e., not necessarily used for electricity generation) is also exempt from property taxes. This provision was added by SB 192 of 2005.
Missouri Incentives
Commercial
DNR Energy Loan Program
Eligible Systems: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass
Applicable Sectors: Schools, Local Government, Institutional, Public Hospitals, Water Treatment Facilities
Expires: December 31, 2016
Local
Utility Companies
*NEW* AmerenUE in 2010 is offering a rebate of $2 per watt up to 25 kilowatts or a maximum of $50,000 for qualified new solar electric system installations installed and operational after Jan. 1, 2010.
*NEW* KCP&L in 2010 is offering a rebate of $2 per wat up to 25 kilowatts or a maximum of $50,000 for qualified new solar electric system installations installed and operational after Jan. 1, 2010.
