Renewable Energy Systems

Renewable Energy Systems

General Information

You may claim a credit against your Utah tax liability if you or your business installs a renewable energy system. Two credits are available: a non-refundable credit for renewable residential energy systems, and a refundable credit for renewable commercial energy systems. Both of these credits are explained below.

For information on either of these credits, contact:

Governor’s Office of Energy Development (GOED)
PO Box 144845
Salt Lake City, UT 84114
Telephone 801-538-8662
energy.utah.gov/renewabletaxcredit

Renewable Residential Energy Systems Credit (code 21)

Utah Code §59-10-1014

This credit is for reasonable costs, including installation, of a residential energy system that supplies energy to a Utah residential unit. Additional residential energy systems or parts may be claimed in following years as long as the total amount claimed does not exceed certain limits. Contact the Governor’s Office of Energy Development for more information. If the residence is sold to a non-business entity before claiming the credit, you may irrevocably transfer the right to the credit to the new owner. The principal portion of the system’s lease payments may qualify for the credit if the lessor irrevocably transfers the credit rights to the new owner.

Get form TC-40E, Renewable Residential and Commercial Energy Systems Tax Credits, from the Governor’s Office of Energy Development with their certification stamp, verifying the credit is approved and showing the amount of the approved credit. Do not send form TC-40E with your return. Keep the form and all related documents with your records.

Note: Any credit that is more than the tax liability may be carried forward for the next four years.

Renewable Commercial Energy Systems Credit (code 39)

Utah Code §59-10-1106

Get form TC-40E, Renewable Residential and Commercial Energy Systems Tax Credits, from the Governor’s Office of Energy Development with their certification stamp. Do not send this form with your return. Keep the form and all related documents with your records.