North Dakota Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 09/11/2012
Program Overview:
| State: |
North Dakota |
| Incentive Type: |
Personal Tax Credit |
| Eligible Renewable/Other Technologies: |
Geothermal Electric, Geothermal Heat Pumps, Geothermal Direct-Use |
| Applicable Sectors: |
Residential, Estates, Trusts |
| Amount: | 15% (3% per year for five years) |
| Maximum Incentive: | Not specified |
| Eligible System Size: | Not specified |
| Carryover Provisions: | Excess credit may be carried over to each of the 10 succeeding taxable years |
| Start Date: | 1/1/2009 |
| Expiration Date: | 12/31/2014 |
| Web Site: |
http://www.nd.gov/tax/taxincentives/income/energycredit.html
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Authority 1:
Date Enacted:
Date Effective:
Expiration Date:
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ND Century Code 57-38-30.3
4/9/2009
1/1/2009
12/31/2014
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Summary:
North Dakota offers an income tax credit to individuals, estates and trusts for the cost of acquiring and installing a geothermal energy system in a building or on property owned or leased by the taxpayer in North Dakota. For systems installed after December 31, 2008, and before January 1, 2015, the credit is equal to 3% per year for five years of the actual cost of acquisition and installation of the system. Any excess may be used as a credit carryover to each of the 10 succeeding taxable years.
If the taxpayer holds an interest in a pass-through entity (such as a partnership or S-corporation) that installs a geothermal system, the credit is passed through to the taxpayer in proportion to its interest in the entity.
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Contact:
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Joe Murphy
North Dakota Department of Commerce
Division of Community Services
1600 East Century Avenue, Suite 2
PO Box 2057
Bismarck, ND 58502-2057
Phone: (701) 328-5300
Fax: (701) 328-2308
E-Mail: jmurphy@nd.gov
Web Site: http://www.communityservices.nd.gov/Energy
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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.
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