Combined Heat and Power Partnership
Alternative Energy Development Incentive (Personal)
| Date Last Updated | 11/16/2012 |
| Incentive Type | Tax |
| State/Federal | UT |
| Incentive Administrator/Contact Office | Utah Office of Energy Development |
| Incentive Initiation Date | 5/12/2009 |
| Incentive Size and Funding Source | The Alternative Energy Development Incentive (AEDI) is a post-performance non-refundable tax credit for up to 75% of new state tax revenues (including state, corporate, sales and withholding taxes) over the life of the project, or 20 years, whichever is less. The actual amount and duration of an incentive is determined by the Office of Energy Development (OED) on a case-by-case basis. |
| Eligible Recipient | Developers or owners of construction projects for electricity generation facilities. |
| Eligible Fuel | Woody Biomass; Biogas; Other |
| Eligible Project Size (MW) | >2.0 MW |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | Projects must use hydroelectric, solar, biomass, geothermal or wind. Energy derived from the following non-renewable energy sources is also eligible: nuclear fuel, oil-impregnated diatomaceous earth, oil sands, oil shale or petroleum coke. To qualify for an incentive, the project must generate new state revenue and new incremental jobs, and it must involve significant capital investment or the creation of high paying jobs. |
| Resource Website(s) |
