Residential installations that use solar photovoltaic (PV), wind, geothermal, hydro, biomass, or some renewable thermal technologies are eligible for the Renewable Energy Systems Tax Credit. The tax credit is non-refundable and measured as 25% of the qualifying system cost or $2,000, whichever is less, for installations on residential dwelling units using wind, geothermal, hydro biomass, or certain renewable thermal technologies.
Business & Office installations that use solar PV, wind, geothermal, hydro, biomass, or some renewable thermal technologies are eligible for the Renewable Energy Systems Tax Credit. The tax credit is refundable for commercial building installations and is measured as 10% of the qualifying device expense or $50,000, whichever is less. For all qualifying renewable energy technologies, the tax credit sum is the same.
