Note: This credit expired on December 31, 2014, and is not allowed for devices installed on or after January 1, 2015.
North Dakota offers an income tax credit to individuals, estates and trusts for the cost of acquiring and installing a geothermal energy system in a building or on property owned or leased by the taxpayer in North Dakota. For systems installed after December 31, 2008, and before January 1, 2015, the credit is equal to 3% per year for five years of the actual cost of acquisition and installation of the system. Any excess may be used as a credit carryover to each of the 10 succeeding taxable years.
If the taxpayer holds an interest in a pass-through entity (such as a partnership or S-corporation) that installs a geothermal system, the credit is passed through to the taxpayer in proportion to its interest in the entity.
|Incentive Type:||Personal Tax Credit|
|Administrator:||North Dakota Department of Commerce|
|Eligible Renewable/Other Technologies:||
|Incentive Amount:||15% (3% per year for five years)|
|Carryover Provisions:||Excess credit may be carried over to each of the 10 succeeding taxable years|
|Name:||ND Century Code 57-38-30.3|
|Organization:||Office of the State Tax Commissioner|
600 E. Boulevard Ave., Dept. 127
Bismarck ND 58505-0599
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