Combined Heat and Power Partnership
Alternative Energy Manufacturing Tax Credit
| 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 Manufacturing Tax Credit is a post-performance non-refundable tax credit for up to 100% of new state tax revenues (including state, corporate, sales and withholding taxes) over the life of a manufacturing 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 projects to manufacture equipment that will use specific renewable or alternative energy sources. |
| Eligible Fuel | Woody Biomass; Biogas; Other |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | Projects must use hydro, solar, biomass, geothermal or wind energy to produce electricity. The manufacturing of equipment that will help develop the following non-renewable energy sources is also included: 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, as well as receive incentives from the local government. |
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