| Program | Residential Alternative Energy System Tax Credit |
|---|---|
| Category | Financial Incentive |
| Implementing sector | State |
| Last Update | |
| State | Montana |
| Administrator | Montana Department of Environmental Quality |
| Start Date | |
| Technologies | Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics |
| Sectors | Residential |
Repealed by S.B. 399. Credit is unavailable for installations in beginning in 2022.
Residential taxpayers who install an energy system using a recognized non-fossil form of energy on their home after December 31, 2001 are eligible for a tax credit equal to the amount of the cost of the system and installation of the system, not to exceed $500. This cap is for individual taxpayers, so married taxpayers filing jointly can get a tax credit of up to $1,000 per household. The tax credit may be carried over for the following four taxable years.
Recognized non-fossil forms of energy generation include systems that generate energy from solar, wind, solid waste, geothermal, fuel cells, biomass, wood waste, or small hydropower systems.
Add new comment
Form goes here