Income Tax Credit Carryover

July 24, 2014

Summary

Excess income tax credits claimed for a renewable energy investment made before January 1, 2018, can be carried over for 20 income tax years following the year the credit was originally allowed, in addition to any years the tax credit may have been deferred. The carryover is 22 income tax years for renewable energy projects that occur in an enterprise zone, subject to approval by the Colorado economic development commission.

Eligible types of renewable energy investments include solar thermal electric, photovoltaic, landfill gas, wind, biomass, hydroelectric, geothermal electric, recycled energy, anaerobic digestion, and renewable fuel cell projects. 

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Colorado
Incentive Type: Personal Tax Credit
Web Site:
Administrator:
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Electric
  • Solar Thermal Electric
  • Solar Photovoltaics
  • Wind (All)
  • Biomass
  • Hydroelectric
  • Landfill Gas
  • Anaerobic Digestion
Incentive Amount: Income tax carryover of 20 years for renewable energy projects
Income tax carryover of 22 years for renewable energy projects in enterprise zone

Authorities

Name: C.R.S. 39-30-104

Contact

Address: 1375 Sherman Street
Denver CO 80261
Phone: (303) 238-7378

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.