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TAX BENEFITS: STATE CREDITS

STATE TAX CREDITS

Each state is different. Therefore, distributors must check with their accountants as to what the guidelines are for state tax credits. There may not be any because of the project not being built in your particular state.

However, for the state of Utah, residents might be able to claim a 10% state tax credits in 2012. A state official must come to the site and approve it. The main objective is to verify that a certain project is legitimate and producing electricity and revenue.

When and if approved, Utah purchasers/tax payers would get a 10% state tax credit up to a maximum of $50,000.
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