Tax Break

We often talk about the importance and benefits of utilizing social energy, so we thought we’d share some information about the incentives available to those who live in the state of Utah.  The following information is taken from the website www.dsireusa.org…

 

Renewable Energy Sales Tax Exemption

 

State: Utah

Incentive Type: Sales Tax Incentive Eligible Renewable/Other

Technologies: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Anaerobic Digestion

Applicable Sectors: Commercial, Industrial, Utility Amount:100% Equipment Requirements:20 kW or greater, or for expansions of 1 MW or greater Start Date:7/1/2004

Expiration Date:6/30/2019 Web Site: http://www.energy.utah.gov/renewable_energy/renewable_incentives.... Authority 1: Utah Code 59-12-104
Date Effective: 7/1/2004
Expiration Date: 6/30/2019

Utah exempts the purchase or lease of equipment used to generate electricity from renewable resources from the state sales tax. Eligible purchases or leases must be made for or by a renewable energy production facility on or after July 1, 2004, and before June 30, 2019. All leases must be made for at least seven years.

Eligible renewable resources include wind, solar, biomass, landfill gas, anaerobic digestion, hydroelectricity and geothermal energy. Facilities must use renewable energy to produce electricity and must have a minimum capacity of 20 kW. An existing facility that is expanded by one or more megawatt (MW) as a result of the machinery or equipment may also be eligible for the exemption.

Equipment eligible for the exemption generally includes wind turbines, generating equipment, control and monitoring systems, power lines, substation equipment, lighting, fencing, pipes, and other equipment for locating power lines and poles. Equipment not eligible for the exemption includes tools and other equipment used in construction of a new facility, contracted services required for construction, and routine maintenance activities and equipment utilized or acquired after the project is operational.

 

Perhaps something to think about before the next tax season?

 

Renewable Energy Sales Tax Exemption

 

State: Utah

Incentive Type: Sales Tax Incentive Eligible Renewable/Other

Technologies: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Anaerobic Digestion

Applicable Sectors: Commercial, Industrial, Utility Amount:100% Equipment Requirements:20 kW or greater, or for expansions of 1 MW or greater Start Date:7/1/2004

Expiration Date:6/30/2019 Web Site: http://www.energy.utah.gov/renewable_energy/renewable_incentives.... Authority 1: Utah Code 59-12-104
Date Effective: 7/1/2004
Expiration Date: 6/30/2019

Utah exempts the purchase or lease of equipment used to generate electricity from renewable resources from the state sales tax. Eligible purchases or leases must be made for or by a renewable energy production facility on or after July 1, 2004, and before June 30, 2019. All leases must be made for at least seven years.

Eligible renewable resources include wind, solar, biomass, landfill gas, anaerobic digestion, hydroelectricity and geothermal energy. Facilities must use renewable energy to produce electricity and must have a minimum capacity of 20 kW. An existing facility that is expanded by one or more megawatt (MW) as a result of the machinery or equipment may also be eligible for the exemption.

Equipment eligible for the exemption generally includes wind turbines, generating equipment, control and monitoring systems, power lines, substation equipment, lighting, fencing, pipes, and other equipment for locating power lines and poles. Equipment not eligible for the exemption includes tools and other equipment used in construction of a new facility, contracted services required for construction, and routine maintenance activities and equipment utilized or acquired after the project is operational.

 

Perhaps something to think about before the next tax season?