Idaho Incentives/Policies for Renewable & Efficiency

Idaho
Incentives/Policies for Renewable & Efficiency

Residential Alternative Energy Tax Deduction
Last Review: 08/04/2009
Program Overview:
State: Idaho
Incentive Type: Personal Deduction
Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps
Applicable Sectors: Residential
Amount: 40% in the first year; 20% per year for next three years
Maximum Incentive: $5,000 per year; $20,000 total deduction
Authority 1:
Idaho Code § 63-3022C
Summary:
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.

*Applies to a pellet stove or EPA-certified wood stove if:

* it is in the taxpayer’s residence,
* it replaces an old wood stove that does not meet EPA requirements,
* the purchase and replacement occurs within the same year, and
* the old wood stove is dropped off at a Department of Environmental Quality (DEQ)-approved site within 30 days.
(Also applies to new natural gas or propane heating units that meet these criteria.)

Contact:
Public Information
Idaho Tax Commission
800 Park Blvd. #4
Boise, ID 83722
Phone: (208) 334-7660
Phone 2: (800) 972-7660
Fax: (208) 334-7846
E-Mail: taxrep@tax.idaho.gov

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