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Residential Alternative Energy System Tax Credit

Last Review: 2013-07-16
Incentive Type: Personal Tax Credit
Eligible Efficiency Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps, Small Hydroelectric, Fuel Cells using Renewable Fuels
Applicable Sectors: Residential
Incentive Amount: 100%
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
Expiration Date: none
Website: http://revenue.mt.gov/forindividuals/ind_tax_incentives/default.mcpx#enrgb

Summary:

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;
  • wind;
  • solid waste;
  • the decomposition of organic wastes;
  • geothermal;
  • 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.


Contact:
Kathi Montgomery
Montana Department of Environmental Quality
1100 North Last Chance Gulch
PO Box 200902
Helena, MT 59620
Phone:(406) 841-5243 Ext.
Phone 2:()
Email: kmontgomery@mt.gov
Web site: http://deq.mt.gov/energy/default.mcpx

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