As of July 2016, Nebraska is no longer accepting applications for this program. See this website.
Nebraska offers a production-based tax credit to any producer of electricity generated by wind, solar, geothermal, hydropower, fuel cells, or methane gas. To qualify a system must be placed into service on or after July 14, 2006. The credit allowed may be used to reduce the producer’s Nebraska income tax liability or to obtain a refund of state sales and use taxes paid by the producer.
Tax Credit Amount
The value of the credit is based on the amount of electricity produced, and the rate varies based on the year in which the electricity is generated according to the following schedule:
The credit may be earned for 10 years after the date that the facility is placed in operation on or after July 14, 2006.
The total amount of renewable energy tax credits that may be used by all taxpayers is limited to $50,000 without additional authorization from the Nebraska Legislature.
This credit may not be claimed by a producer who receives a sales tax exemption for community-based energy development projects.
|Incentive Type:||Corporate Tax Credit|
|Administrator:||Nebraska Department of Revenue|
|Start Date:||7/14/2006 (amendments effective 10/01/2011)|
|Eligible Renewable/Other Technologies:||
Credits are available for a 10-year period:
$0.00075/kWh for electricity generated through 9/30/2007;
$0.001/kWh from 10/1/2007 - 12/31/2009;
$0.00075/kWh from 1/1/2010 - 12/31/2012;
$0.0005/kWh on or after 1/1/2013
|Technologies:||Geothermal Electric, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Hydroelectric, Fuel Cells using Non-Renewable Fuels, Landfill Gas, Wind (Small), Anaerobic Digestion, Fuel Cells using Renewable Fuels|
|Sectors:||Commercial, Industrial, Agricultural|
|Parameters:||The incentive is 0.00 $/kWh (10 years)|
|Name:||R.R.S. Neb. § 77-27, 235|
|Effective Date:||7/14/2006 (amendments effective 10/01/2011)|
|Organization:||Nebraska Department of Revenue|
Nebraska State Office Building
Lincoln NE 68509-4818
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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