This income tax credit allows individuals and corporations a credit of 20% of the cost of equipment and installation of a residential or non-residential wind energy system. The credit is to be applied in the year in which the system is purchased and placed into use, and there is no limit to the total amount of the credit. Tax credits that exceed the taxpayer’s income tax liability may be used as credit against the taxpayer’s income tax liability in subsequent years until exhausted.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Hawaii |
| Incentive Type: | Corporate Tax Credit |
| Web Site: | http://www.state.hi.us/dbedt/ert/taxcredit.html |
| Administrator: | Hawaii Department of Taxation |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: | 20% |
| Maximum Incentive: | none |
| Carryover Provisions: | N/A |
| Name: | HRS 235-12(b)(1) |
| Date Enacted: | 1/1/90 |
| Expiration Date: | 7/1/2003 |
| Name: | Information Specialist |
| Organization: | Hawaii Department of Taxation |
| Address: |
P.O. Box 259 Honolulu HI 96809 |
| Phone: | (808) 587-4242 |
| Email: | Taxpayer.Services@hawaii.gov |
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.
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