(North Dakota) Geothermal Tax Credit


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.

Program Overview:
State: North Dakota
Incentive Type: Personal Tax Credit
Eligible Renewable/Other Technologies: Geothermal Electric, Geothermal Heat Pumps, Geothermal Direct-Use
Applicable Sectors: Residential, Estates, Trusts
Amount: 15% (3% per year for five years)
Maximum Incentive: Not specified
Eligible System Size: Not specified
Carryover Provisions: Excess credit may be carried over to each of the 10 succeeding taxable years
Start Date: 1/1/2009
Expiration Date: 12/31/2014
Web Site: http://www.nd.gov/tax/taxincentives/income/energycredit.html
Authority 1:
Date Enacted:
Date Effective:
Expiration Date:
ND Century Code 57-38-30.3

Joe Murphy
North Dakota Department of Commerce
Division of Community Services
1600 East Century Avenue, Suite 2
PO Box 2057
Bismarck, ND 58502-2057
Phone: (701) 328-5300
Fax: (701) 328-2308
E-Mail: jmurphy@nd.gov
Web Site: http://www.communityservices.nd.gov/Energy
Public Information – State Tax Commissioner
Office of the State Tax Commissioner
State Capitol
600 East Boulevard Ave.
Bismarck, ND 58505-0599
Phone: (701) 328-2770
E-Mail: taxinfo@nd.gov
Web Site: http://www.nd.gov/tax

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