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/
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