| Incentive Type | Corporate Tax Credit |
|---|
| Eligible Technologies | Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps |
|---|
| Applicable Sectors | Residential |
|---|
| Incentive Amount | 25% of costs |
|---|
| Maximum Incentive | Based on maximum system cost of $15,000 for PV, active solar space heating and wind;
Based on $7,000 maximum system cost for solar hot water and geothermal |
|---|
| Eligible System Size(s) | PV: minimum module size of 24 square feet
Solar hot water: minimum collector area of 34 square feet
Active solar heating: minimum collector area of 125 square feet
Wind: minimum capacity of 250 watts at 28 mph
Geothermal: minimum coefficient of performance of 3.4 or minimum efficiency ratio of 16 |
|---|
| Equipment Standards | None Listed |
|---|
| Installation Standards | None Listed |
|---|
| Carryover Provisions | Credit may not be carried over to subsequent years |
|---|
More Information Contact:
Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 574-9100
Fax: (401) 222-1260
E-Mail:
[email protected] Web Site:
http://www.energy.ri.gov Public Information
Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Phone: (401) 574-8935
Phone 2: (401) 574-8922
Web Site:
http://www.tax.state.ri.us/