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Renewable Energy Tax Credit (Personal)

Eligibility 
Residential
Savings Category 
Geothermal Electric
Solar Thermal Electric
Solar Photovoltaics
Wind (All)
Hydroelectric
Fuel Cells using Non-Renewable Fuels
Landfill Gas
Wind (Small)
Anaerobic Digestion
Fuel Cells using Renewable Fuels
Program Info
Sector Name 
State
Administrator 
Nebraska Department of Revenue
State 
Nebraska
Program Type 
Personal Tax Credit
Rebate Amount 

Credits are available for a 10-year period:
$0.00075/kWh for electricity generated through 9/30/2007;
$0.001/kWh from 10/1/2007 - 12/31/2009;
$0.00075/kWh from 1/1/2010 - 12/31/2012;
$0.0005/kWh on or after 1/1/2013

Summary 
Nebraska offers a production-based tax credit to any producer of electricity generated by wind, solar, geothermal, hydropower, fuel cells, or methane gas. To qualify a system must be placed into service on or after July 14, 2006. The credit allowed may be used to reduce the producer’s Nebraska income tax liability or to obtain a refund of state sales and use taxes paid by the producer.

Tax Credit Amount

The value of the credit is based on the amount of electricity produced, and the rate varies based on the year in which the electricity is generated according to the following schedule:

  • $0.00075 per kilowatt-hour (kWh) of electricity generated after July 14, 2006, but before October 1, 2007;
  • $0.001 per kWh for electricity generated on or after October 1, 2007, and before January 1, 2010;
  • $0.00075 per kWh for electricity generated on or after January 1, 2010, and before January 1, 2013; and
  • $0.0005 per kWh for electricity generated on or after January 1, 2013.

The credit may be earned for 10 years after the date that the facility is placed in operation on or after July 14, 2006.

Restrictions

The total amount of renewable energy tax credits that may be used by all taxpayers is limited to $50,000 without additional authorization from the Nebraska Legislature.

This credit may not be claimed by a producer who receives a sales tax exemption for community-based energy development projects.