In April 2008, Kentucky enacted legislation allowing a 30% state income tax credit for taxpayers who install certain energy efficiency measures on their principal residence or residential rental property. These energy efficiency measures include:
The tax credit may not exceed $100 for insulation, and $250 for qualified energy property, windows and storm doors. The total tax credit may not exceed $500 for any combination of qualified energy property and weatherization measures.
Kentucky also allows an $800 tax credit for taxpayers who build a new Energy Star home for use as a principal residence, but this credit may not be taken in addition to the energy efficiency tax credits describe in this summary.
See guidance issued by the Kentucky Department of Revenue for additional information.
In addition, Kentucky allows a 30% state income tax credit for taxpayers that install certain energy efficiency measures on commercial property (click here for more information).
These credits may be applied during taxable years 2009-2015. To claim the tax credit, use Form 5695-K - Kentucky Energy Efficiency Products Tax Credit - Form 41A720-S7 available on the Kentucky Department of Revenue website.
* "Qualified Energy Property" must meet the efficiency guidelines specified in the federal tax credit for residential energy property.
| Technologies: | Water Heaters, Lighting, Furnaces, Boilers, Heat pumps, Air conditioners, Building Insulation, Windows, Doors |
| Sectors: | Residential, Installers/Contractors, Multifamily Residential |
| Parameters: | The incentive has a minimum of 30.00 % of cost, The incentive has a minimum of $500.00 |
| Technologies: | Building Insulation |
| Sectors: | Residential, Installers/Contractors, Multifamily Residential |
| Parameters: | The incentive has a minimum of $100.00 |
| Technologies: | Water Heaters, Heat pumps, Air conditioners, Windows, Doors |
| Sectors: | Residential, Installers/Contractors, Multifamily Residential |
| Parameters: | The incentive is 250.00 $/Unit |
| Name: | KRS § 141.435 et seq. |
| Effective Date: | 1/1/2009 |
| Expiration Date: | 12/31/2015 |
| Name: | Taxpayer Services |
| Organization: | Kentucky Department of Revenue |
| Address: |
501 High Street Frankfort KY 40620 |
| Phone: | (502) 564-4581 |
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.
Copyright © 2023 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201
