Title: Renewable Energy Production Corporate Tax Credit in Arizona
Program Details:
The Renewable Energy Production Corporate Tax Credit was put in place for renewable energy systems installed after 12/31/2010 that may be eligible based on the amount of electricity produced for a 10 year period for a commercial business with a 5 MW minimum sized system. The energy systems are Landfill Gas, Solar Thermal Electric, Biomass Photovoltaics, and Wind. Wind and Biomass will receive 1 cent/kWh and Solar will vary from 4 down to 1 cent/kWh based on schedule which decreases every year for the first 200,000 MWh. The credits were established by the following Arizona legislation: SB 1254. To qualify your business must submit a yearly application to the Arizona Department of Revenue (DOR). For more details visit the following link:
http://www.azleg.gov/FormatDocument.asp?inDoc=/legtext/49leg/2r/bills/sb1254h.htm
Contact for more information:
Tax Assistance
Arizona Department of Revenue
1600 W. Monroe
Phoenix, AZ 85007-2650
Phone: (602) 255-3381
Phone 2: (800) 352-4090
Web Site: http://www.revenue.state.az.us/
