Renewable Energy Tax Credit (Corporate)
In April 2008, Kentucky enacted legislation establishing a 30% state income tax credit for certain solar, wind and geothermal installations on single or multi-family residences and on commercial property. Kentucky corporate taxpayers may take the 30% credit on any of the following equipment installed on commercial property:
- Active or passive solar space-heating systems
- Combined active solar space-heating and water-heating systems
- Solar hot water systems
- Wind turbines
In addition, Kentucky corporate taxpayers may take a credit equal to $3 per watt (DC) of rated capacity for the installation of a photovoltaic (PV) system. Solar and wind technologies have a maximum tax
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