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 taxpayerâ€™s income tax liability may be used as credit against the taxpayerâ€™s income tax liability in subsequent years until exhausted.
|Incentive Type:||Personal Tax Credit|
|Administrator:||Hawaii Department of Taxation|
|Eligible Renewable/Other Technologies:||Wind (All),Wind (Small)|
|Organization:||Hawaii Department of Taxation|
P.O. Box 259
Honolulu HI 96809
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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