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Nebraska

Nebraska

Incentives/Policies for Renewable Energy

Printable Version
Renewable Energy Tax Credit (Personal)   

Last DSIRE Review: 07/16/2013
Program Overview:
State: Nebraska
Incentive Type: Personal Tax Credit
Eligible Renewable/Other Technologies: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Hydroelectric, Geothermal Electric, Fuel Cells, Anaerobic Digestion, Fuel Cells using Renewable Fuels
Applicable Sectors: Residential
Amount:Credits are available for a 10-year period:
$0.00075/kWh for electricity generated through 9/30/2007;
$0.001/kWh from 10/1/2007 - 12/31/2009;
$0.00075/kWh from 1/1/2010 - 12/31/2012;
$0.0005/kWh on or after 1/1/2013
Maximum Incentive:Total amount of tax credits that may be used by all taxpayers is limited to $50,000
Eligible System Size:None specified
Equipment Requirements:None specified
Program Budget:$50,000
Start Date:7/14/2006 (amendments effective 10/01/2011)
Authority 1:
Date Enacted:
Date Effective:
R.R.S. Neb. ยง 77-27, 235
4/11/2006
7/14/2006 (amendments effective 10/01/2011)
Summary:

Nebraska offers a production-based tax credit to any producer of electricity generated by wind, solar, geothermal, hydropower, fuel cells or methane gas. To qualify, a system must be placed into service on or after July 14, 2006. The credit allowed may be used to reduce the producer’s Nebraska income tax liability or to obtain a refund of state sales and use taxes paid by the producer. The initial requirement that a facility be at least one megawatt in rated capacity was eliminated in 2007 by L.B. 367, which also made several other amendments. Another requirement that the facility result in zero pollution or emissions, which has prevented the use of this credit in the past, was removed by L.B. 360 of 2011.

The value of the credit is based on the amount of electricity produced, and the rate varies based on the year in which the electricity is generated according to the following schedule:

  • 0.075 cents per kilowatt-hour ($0.00075/kWh) of electricity generated after July 14, 2006 but before October 1, 2007.
  • 0.1 cent/kWh ($0.001/kWh) for electricity generated on or after October 1, 2007, and before January 1, 2010.
  • 0.075 cents/kWh ($0.00075/kWh) for electricity generated on or after January 1, 2010, and before January 1, 2013.
  • 0.05 cents/kWh ($0.0005/kWh) for electricity generated on or after January 1, 2013.

The credit may be earned for 10 years after the date that the facility is placed in operation on or after July 14, 2006.

The total amount of renewable energy tax credits that may be used by all taxpayers is limited to $50,000 without further authorization from the Nebraska Legislature.

This credit may not be claimed by a producer who receives a sales tax exemption for community-based energy development projects.


 
Contact:
  Taxpayer Assistance
Nebraska Department of Revenue
Nebraska State Office Building
301 Centennial Mall South
Lincoln, NE 68509-4818
Phone: (800) 742-7474
Phone 2: (402) 471-5729
Web Site: http://www.revenue.ne.gov/
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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.