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:
The deduction for full year residents is calculated on the Idaho Supplemental Schedule 39R, section B, with the result transferred to Idaho Form 40. For part year and non-residents of Idaho, the deduction is calculated on Idaho Form 39NR, section B, with the results transferred to Idaho Form 43. Forms, instructions, and publications for the current and previous years can be found here.
|Incentive Type:||Personal Tax Deduction|
|Administrator:||Idaho Tax Commission|
|Eligible Renewable/Other Technologies:||Solar - Passive,Solar Water Heat,Solar Space Heat,Geothermal Electric,Solar Photovoltaics,Wind (All),Biomass,Geothermal Heat Pumps,Wind (Small)|
|Incentive Amount:||40% in the first year; 20% per year for next three years|
|Maximum Incentive:||$5,000 per year; $20,000 total deduction|
|Name:||Idaho Code § 63-3022C|
|Name:||Idaho State Tax Commission|
P.O. Box 36
Boise ID 83722
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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