Sec. 14.26.07.06. Amount of Tax Credit

Latest version.

An individual or corporation that receives a credit certificate from the Administration may claim a credit against the individuals or corporations State income tax for a specified taxable year in an amount that may not exceed the lessor of:

A. For a qualifying energy storage system installed:

(1) On a residential property, $5,000;

(2) On a commercial property, $75,000; or

(3) 30 percent of the total installed costs of the qualifying energy storage system.

B. The Administration may bifurcate the annual program budget to allow for a funding allocation for both residential and commercial participants.

                    
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