Note: The Inflation Reduction Act of 2022 (H.R. 5376) made several significant changes to this tax credit, including expanding the eligible technologies, extending the expiration date, modifying the scheduled step-down in its value, providing for new bonus credits, and establishing new criteria to qualify for the full credit. It also phases out this tax credit under section 48 of the Internal Revenue Code and replaces it with a new technology-neutral tax credit under section 48E of the Internal Revenue Code. The summary below describes the current section 48 tax credit as modified by the Inflation Reduction Act, and

Xcel Energy's Renewable Development Fund (RDF) was created in 1999 pursuant to the 1994 Radioactive Waste Management Facility Authorization Law (Minn. Stat. § 116C.779). Originally, Xcel Energy was required to donate to the fund $500,000 annually for each dry cask containing spent nuclear fuel being stored at the Prairie Island nuclear power plant, amounting to about $9 million annually. Subsequent legislation, enacted in May 2003, extended nuclear-waste storage at Xcel Energy's Prairie Island plant and increased the amount Xcel must pay toward the development of renewable-energy resources to $16 million annually for as long as the utility's Prairie Island nuclear

Note: ODOE recently filed final rules to implement SB 1507 (2016), which places a limit of $1,500 for all tax credits that can be claimed in a year. SB 1507 is effective in June 2016. It is also considering input on calculating first-year energy savings for solar thermal systems. More information can be found here.

Homeowners and renters who pay Oregon income taxes are eligible for the Residential Energy Tax Credit (RETC) if they purchase qualified heating, efficiency, and renewable energy systems. Third-party owned systems are eligible for the tax credit, though specific requirements detailed in the administrative

The Green Energy Program consists of three separate programs: one for Delmarva Power & Light (DPL), the state's only investor-owned utility; one for the state's municipal utilities; and one for the Delaware Electric Cooperative (DEC).  This summary provides incentives available customers of Delmarva Power and Light (DPL). The grants are administered by the DE Energy Office. 

The investor-owned utility (DPL) program was established as part of The Electric Utility Restructuring Act of 1999, and is supported under Delaware's public benefits program, the Delmarva Power Green Energy Fund. Under the program, incentives are available for the installation of qualifying photovoltaic

In May 2001, Washington enacted legislation (EHB 2247) that requires all electric utilities serving more than 25,000 customers to offer customers the option of purchasing renewable energy. Eligible renewables include wind, solar, geothermal, landfill gas, wave or tidal action, wastewater treatment gas, certain biomass resources, and "qualified hydropower" that is fish-friendly.

Beginning January 1, 2002, each electric utility must inform its customers on a quarterly basis of the voluntary option to purchase green power. The details of each utility's program must be approved by the state, and annual reports must be submitted from October 1, 2002, to October 1, 2012

Note: Systems entering service on or after January 1, 2021 cannot qualify for this credit. The credit will no longer be available for all systems beginning in 2022.

For tax years beginning on or after January 1, 2003 and before December 31, 2021, a state income tax credit is available to producers of electric power using renewable energy resources from a zero-emission facility located in Oklahoma. The zero-emission facility must have a rated production capacity of 1 megawatt or greater. The facility must be placed in operation after June 4, 2001, and the electricity must be sold to an unrelated

FirstEnergy (formerly GPU) established the Metropolitan Edison Company Sustainable Energy Fund and the Penelec Sustainable Energy Fund in 2000. The Community Foundation for the Alleghenies in Johnstown, Pennsylvania administers the Penelec loan and grant components of the Fund, which has assets of approximately $9.1 million. The majority of funding available from the fund takes the form of investments made in businesses pursuing one or more of the fund's objectives. These funds typically will be distributed as loans or equity investments. The program is open to any individual, organization, governmental entity, or corporation. Penelec Sustainable Energy Fund and Metropolitan Edison Sustainable

In July 2010, the Montana Public Service Commission (PSC) adopted interconnection rules, effective August 13, 2010. These rules apply to all electric utilities under the PSC's jurisdiction, including investor-owned utilities and co-ops. Small generators, or systems for the production and or storage of electricity with a nameplate capacity up to 10 megawatts (MW), located on the land of utility customers within good standing are allowed to interconnect. While there is no statewide standard interconnection agreement, the largest investor-owned utility in Montana, NorthWestern, does have a standard interconnection agreement for net-metered systems. The use of certain equipment may qualify a facility

A resident individual taxpayer of Montana who installs a geothermal heating or cooling system in his or her principal dwelling is eligible for a tax credit based on the installation costs of the system. The credit may not exceed $1,500, and only one credit may be claimed per household. If not used fully in the first year the system is installed, the credit may be carried forward for the 7 succeeding tax years. 

Use Montana Department of Revenue Form ENRG-A to claim this tax credit.

Hawaii's Renewable Portfolio Standard (RPS) requires each electric utility company that sells electricity for consumption in Hawaii to have the following percentages of electricity sales come from renewable energy by the corresponding date. H.B. 2089 of 2022 amended the RPS to based on net electricity generation rather than retail sales beginning in compliance year 2030. 

• 10% of its net electricity sales by December 31, 2010;
• 15% of its net electricity sales by December 31, 2015;
• 30% of its net electricity sales by December 31, 2020;
• 40% of its net electricity generation by December 31, 2030;
• 70% of its net electricity