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Oklahoma

Oklahoma

Incentives/Policies for Renewables & Efficiency

Printable Version
Tax Credit for Manufacturers of Small Wind Turbines   

Last DSIRE Review: 07/03/2012
Program Overview:
State: Oklahoma
Incentive Type: Industry Recruitment/Support
Eligible Renewable/Other Technologies: Wind
Applicable Sectors: Industrial
Amount:Based on square footage of rotor swept area: $25.00/ft^2 for 2005 through 2012
Terms:Credit is transferable during the 10 years following qualification
Start Date:01/01/03
Expiration Date:12/31/2012
Authority 1:
Date Effective:
Expiration Date:
68 Okl. St. ยง 2357.32B
01/01/03
12/31/2012
Summary:

Note: After a 2 year moratorium on all state tax credits, this credit may be claimed for tax year 2012 and subsequent tax years, for small wind turbines manufactured on or after July 1, 2012.

Oklahoma offers an income tax credit to the manufacturers of small wind turbines for tax years 2003 through 2012. Oklahoma manufacturers of wind turbines with a rated capacity of between 1 kilowatt (kW) and 50 kW are eligible for the credit if they agree in advance to allow their production and claims to be audited by the Oklahoma Tax Commission. They must also be able to show that they have made economic development investments in Oklahoma over the period of time for which the credit was claimed that exceed the amount of credit claimed.

The turbine must incorporate advanced technologies such as new airfoils, new generators, and new power electronics and at least one unit of each model must have been installed for testing at the US-DOE National Wind Technology Center. All turbines must comply with appropriate interconnection safety standards of the Institute of Electrical and Electronics Engineers.

The credit amount varies based on the turbine's square footage of rotor swept area. The credit was $25.00 per square foot produced in 2003, $12.50 per square foot produced in 2004, and $25.00 per square foot produced each year from 2005-2012. The credit is transferable during the ten years following the year of qualification. To claim this credit, complete Tax Form 511CR, Schedule for Other Credits.


 
Contact:
  Information Specialist - OTC
Oklahoma Tax Commission
Post Office Box 26800
Oklahoma City, OK 73126-0800
Phone: (405) 521-3160
E-Mail: helpmaster@mailhost.oktax.state.ok.us
Web Site: http://www.oktax.state.ok.us
 
  Scott Greene
Oklahoma Wind Power Initiative
Environmental Verification and Analysis Center - University of Oklahoma
100 E. Boyd St., Suite 410
Norman, OK 73019
Phone: (405) 325-8870
Fax: (405) 325-6654
E-Mail: jgreene@ou.edu
Web Site: http://www.seic.okstate.edu/owpi/
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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.