In Kentucky, solar easements may be obtained for the purpose of ensuring access to direct sunlight. Easements must be expressed in writing and will become an interest in real property that may be acquired and transferred.
The Kentucky Small Business Tax Credit (KSBTC) program is designed to encourage small business growth and job creation by providing a nonrefundable state income tax credit to eligible small businesses hiring one or more eligible individuals and investing at least $5,000 in qualifying equipment or technology. With certain exceptions, most for-profit businesses with fifty or fewer full-time employees are considered eligible small businesses for this program.
The purpose of the program is to help small businesses acquire funding needed to start or grow their small business. KEDFA may provide terms that are more lenient, less secure, or otherwise less stringent than industry standards. The program guidelines as set forth below outline the criteria, terms, and fees for participation in the program.
The Kentucky Cabinet for Economic Development has been approved by the United States Department of Treasury to receive the Commonwealth of Kentucky’s allocation of federal funding to implement the Kentucky Small Business Credit Initiative (KSBCI).
Salt River Electric serves as the rural electric provider in Kentucky's Bullitt, Nelson, Spencer, and Washington counties. Residential customers are eligible for a variety of cash incentives for energy efficiency. The Touchstone Energy Home Program provides a rebate of up to $250 to customers building new homes that satisfy the energy efficiency requirements of the program, and who wish to install an electric water heater and either a Geothermal Heating/Cooling System or an Electric Heat Pump.
In August 2007 Kentucky established the ''Incentives for Energy Independence Act'' to promote the development of renewable energy and alternative fuel facilities, energy efficient buildings, alternative fuel vehicles, research and development activities and other energy initiatives. This includes a sales tax exemption which allows manufacturers to apply for a refund for the amount of sales or use tax paid on the purchase of new or replacement equipment for renewable energy or energy efficiency projects.
This fund provides capital to early-stage technology companies located in rural areas of Kentucky. Companies may apply for a $30,000 grant or an investment up to $100,000.
For the purpose of the Rural Innovation Fund, companies must be
categorized in one of the following industry sectors:
o Biosciences (BIO)
o Environmental and Energy Technologies (EET)
o Human Health and Development (HHD)
o Information Technology and Communications (ITC)
o Materials Science and Advanced Manufacturing (MSAM)
In April 2008, Kentucky enacted legislation establishing a 30% state income tax credit for certain renewable energy installations on residential and commercial property (see the [http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=KY31F&re... Kentucky Renewable Energy Tax Credit (Corporate)] for more information on taking the credit for installations on commercial property).
In April 2008, Kentucky enacted legislation establishing a 30% state income tax credit for certain solar, wind and geothermal installations on single or multi-family residences and on commercial property. Kentucky corporate taxpayers may take the 30% credit on any of the following equipment installed on commercial property:
This entry lists the states with Renewable Portfolio Standard (RPS) policies that accept generation located in Kentucky as eligible sources towards their RPS targets or goals. For specific information with regard to eligible technologies or other restrictions which may vary by state, see the RPS policy entries for the individual states, shown below in the Authority listings. Typically energy must be delivered to an in-state utility or Load Serving Entity, and often only a portion of compliance targets may be met by out-of-state generation.