West Virginia Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 02/28/2013
Program Overview:
| State: |
West Virginia |
| Incentive Type: |
Personal Tax Credit |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Solar Space Heat, Photovoltaics |
| Applicable Sectors: |
Residential |
| Amount: | 30% |
| Maximum Incentive: | $2,000 |
| Equipment Requirements: | Solar energy system used to provide hot water must derive at least 50% of its energy from the sun |
| Carryover Provisions: | Excess credit may be carried forward to each of the next taxable years until exhausted (up to four years) |
| Start Date: | 07/01/2009 |
| Expiration Date: | 07/31/2013 |
Authority 1:
Date Enacted:
Date Effective:
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W. Va. Code ยง 11-13Z
06/05/2009
07/01/2009
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Authority 2:
Date Enacted:
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Tax Administrative Rule 110-21D (Agency Approved Rule)
11/2009
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Summary:
West Virginia passed legislation in June 2009 authorizing its solar energy tax credit for residential installations. The tax credit, which is 30% of the cost to purchase and install the system, is capped at $2,000. Eligible technologies include systems that use solar energy to generate electricity, heat or cool a residence, or provide hot water or solar process heat for use in the residence. Solar systems for heating a pool or hot tub are not eligible. The solar energy systems installed to provide hot water must derive 50% or more of its energy to heat or cool from the sun. If the credit exceeds the taxpayer's liability, the unused portion of the credit may be carried forward to "each of the next taxable years" until it is used (but may not be carried forward past July 1, 2014).
Taxpayers must complete Schedule SETC and file it along with their personal state tax returns. |
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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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