Combined Heat and Power Partnership
Alternative Energy Development Incentive (AEDI)
| Date Last Updated | 11/16/2012 |
| Incentive Type | Tax |
| State/Federal | UT |
| Incentive Administrator/Contact Office | Governor's Office of Economic Development |
| Incentive Initiation Date | 5/12/2009 |
| Incentive Size and Funding Source | The AEDI is a post-performance refundable tax credit for up to 100% of new state tax revenues (including state, corporate, sales and withholding taxes) over the life of the project (typically 5-10 years). The actual amount and duration of an incentive is determined by the GOED on a case-by-case basis. The GOED will use statutory guidelines and evaluation criteria in determining the actual incentive for a project. The criteria includes:
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| Eligible Recipient | Renewable and alternative energy producers and manufacturers who locate their projects in Utah. |
| Eligible Fuel | Does Not Specify |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | Eligible projects include the construction of electricity generation facilities that use hydroelectric, solar, biomass, geothermal, wind, waste gas/heat recovery resources or nuclear. Eligible projects can also include the manufacturing of equipment used directly in the generation of electricity from an alternative resource. To qualify for an incentive, the project must generate new state revenue and new incremental jobs, and it must involve significant capital investment, the creation of high paying jobs or significant purchases from Utah vendors and providers. A project must also be located in a registered alternative energy development zone. |
| Application Form(s) | Application Form (DOC) (1 pp, 36K) |
| Resource Website(s) |
