The Alternative Energy Production Tax Credit Program provides a tax credit of 15% of the net cost of alternative energy production projects incurred between July 9, 2008 and December 31, 2008. Should the amount of approved tax credits exceed the limit, all tax credits will be pro-rated. Interested parties must apply for the tax credit by September 15, 2009.
“When I signed the Alternative Energy Investment Act last July, the goal was to make available a number of funding options to assist Pennsylvania’s residents and businesses seeking to battle rising energy costs by developing projects that generate clean, renewable energy, reduce energy consumption and save money,” said Governor Rendell. “Pennsylvania has established itself as a leader in developing and deploying clean renewable energy sources. This tax credit gives us another tool that we can use to continue that trend.”
“Every day, more and more Pennsylvanians continue to develop alternative energy projects. By doing so, they are investing in their financial futures and the future of our state,” said Governor Rendell. “The Tax Credit Program, along with the Pennsylvania Sunshine Solar program that provides rebates up to 35 percent for residential and small business solar projects, are two examples of how we can continue to work toward energy independence.”
