Renewable Energy Tax Credit (Personal)

July 20, 2016

Summary

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:

$0.00075 per kilowatt-hour (kWh) of electricity generated after July 14, 2006, but before October 1, 2007;
$0.001 per kWh for electricity generated on or after October 1, 2007, and before January 1, 2010;
$0.00075 per kWh for electricity generated on or after January 1, 2010, and before January 1, 2013; and
$0.0005 per kWh for electricity generated on or after January 1, 2013.

The credit may be earned for 10 years after the date that the facility is placed in operation on or after July 14, 2006.

Restrictions

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.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Nebraska
Incentive Type:	Personal Tax Credit
Web Site:
Administrator:	Nebraska Department of Revenue
Start Date:	07/14/2006
Eligible Renewable/Other 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
Incentive Amount:	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

Incentives

This program has 1 incentives

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:	Residential
Parameters:	The incentive is 0.00 $/kWh (10 years)

Authorities

Name:	R.R.S. Neb. § 77-27, 235
Date Enacted:	4/11/2006
Effective Date:	7/14/2006 (amendments effective 10/01/2011)

Contact

Name:	Taxpayer Assistance
Organization:	Nebraska Department of Revenue
Address:	Nebraska State Office Building Lincoln NE 68509-4818
Phone:	(800) 742-7474

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.