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Residential Alternative Energy Tax Deduction

Last Review: 2013-07-11
Incentive Type: Personal Deduction
Eligible Efficiency Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps
Applicable Sectors: Residential
Incentive Amount: 40% in the first year; 20% per year for next three years
Website:

Summary:

This statute allows taxpayers an income tax deduction of 40% of the cost of a solar, wind, geothermal, and certain biomass energy devices used for heating or electricity generation. Taxpayers can apply this 40% deduction in the year in which the system is installed and can also deduct 20% of the cost each year for three years thereafter. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000.

Eligible biomass energy devices include a pellet stove or EPA-certified wood stove if:

  • it is in the taxpayer's residence,
  • it replaces an old wood stove that does not meet EPA requirements,
  • the purchase and replacement occurs within the same year, and
  • the old wood stove is dropped off at a Department of Environmental Quality (DEQ)-approved site within 30 days.
    (Also applies to new natural gas or propane heating units that meet these criteria.)

Contact:
Public Information
Idaho Tax Commission
800 Park Blvd. #4

Boise, ID 83722
Phone:(208) 334-7660 Ext.
Phone 2:(800) 972-7660
Email: taxrep@tax.idaho.gov
Web site:

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