Idaho Incentives/Policies for Renewables & Efficiency |
 |
Last DSIRE Review: 08/06/2012
Program Overview:
| State: |
Idaho |
| Incentive Type: |
Personal Deduction |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps |
| Applicable Sectors: |
Residential |
| Amount: | 40% in the first year; 20% per year for next three years |
| Maximum Incentive: | $5,000 per year; $20,000 total deduction |
Authority 1:
|
Idaho Code ยง 63-3022C
|
Summary:
This statute allows taxpayers an income tax deduction of 40% of the cost of a solar, wind, geothermal, and certain biomass energy devices used for heating or electricity generation. Taxpayers can apply this 40% deduction in the year in which the system is installed and can also deduct 20% of the cost each year for three years thereafter. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000.
Eligible biomass energy devices include a pellet stove or EPA-certified wood stove if:
- it is in the taxpayer's residence,
- it replaces an old wood stove that does not meet EPA requirements,
- the purchase and replacement occurs within the same year, and
- the old wood stove is dropped off at a Department of Environmental Quality (DEQ)-approved site within 30 days.
(Also applies to new natural gas or propane heating units that meet these criteria.)
|
Contact:
| |
Public Information
Idaho Tax Commission
800 Park Blvd. #4
Boise, ID 83722
Phone: (208) 334-7660
Phone 2: (800) 972-7660
Fax: (208) 334-7846
E-Mail: taxrep@tax.idaho.gov
|
|
|
|
 |
Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
|
