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Incentives Directory

15-24-1401 - Property tax reduction for renewable generating facilities of 1 MW or greater

Generating plants producing 1 megawatt or more by means of an alternative renewable energy source are eligible for the new or expanded industry property tax reduction on the local mill levy during the first nine years of operation, subject to approval by the local government. If so approved, the facility is taxed at 50 percent of its taxable value in the first five years after the construction permit is issued. Each year thereafter, the percentage is increased by equal percentages until the full taxable value is attained in the tenth year.

The tax reduction applies only to taxes levied for the local high schools and elementary schools and for the local government offering the reduction.

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MT State Programs

http://deq.mt.gov/Energy/montanasenergy/taxincentrenew

Category: MT State Programs, Renewable Energy Incentives

More MT State Programs, Renewable Energy Incentives

Generating plants producing 1 megawatt or more by means of an alternative renewable energy source are eligible for the new or expanded industry property tax reduction on the local mill levy during the first nine years of operation, subject to approval by the local government... Learn More
Businesses engaged in the production of energy by means of an alternative renewable energy source are eligible for the new or expanded industry tax credit against corporate income tax. To be considered an expanding industry, total full-time jobs must increase by 30 percent or more... Learn More
A resident individual taxpayer who installs a geothermal or geothermal heat-pump system in the taxpayer's principal dwelling, or the builder of a house, can claim a tax credit based on the installation costs of the system, not to exceed $1,500. Credit not used in th... Learn More
Resident individuals may claim an income tax credit of up to $500 for installing a recognized nonfossil form of energy generation or heating, including low-emission wood or biomass combustion devices, in their principal residence. If necessary, the credit may be carried over for up t... Learn More
Commercial and net metering alternative energy investments of $5,000 or more are eligible for up to 35 percent tax credit against individual or corporate tax on income generated by the investment. The credit may only be taken against net income produced by the eligible equipmen... Learn More
Transmission lines with firm contracts to carry electricity from certain renewable energy facilities are eligible to be classified as in class fourteen, which is taxed at 3 percent of its market value. Learn More
Certain amounts ($20,000 for a single-family residential dwelling or $100,000 for all other structures) of the assessed value of non-fossil forms of energy generation equipment or low-emission wood or biomass combustors are exempt from property taxes for 10 years following installation. Learn More
New generating facilities with nameplate capacity of less than 1 MW and using an alternative renewable energy source are exempt from property taxes for 5 years after start of operation. Learn More
Electricity from wind generation on state lands is exempt from the wholesale energy transaction tax of $0.00015/kWh transmitted. Electricity from any source, including renewables, that is generated on a reservation is exempt if it is for delivery out of state. Electricity generated by a U... Learn More
Program Overview The Alternative Energy Revolving Loan Program (AERLP) provides low-interest loans to increase investments in alternative energy systems and energy conservation measures in Montana. The AERLP was established by the 57th Montana Legislature in 2001 and is managed by the Montana Energy Office, a bureau o... Learn More
The Community Development Division would like to invite you to participate in a public hearing on the DRAFT Application Guidelines for Community Development Block Grant program for both Public and Community Facilities and Housing. The draft documents are available at the links below:      ... Learn More
Overview The Montana Main Street Program, established in 2005 and currently serving twenty-seven communities across the state, is a collaborative effort between the Community Development Division and the Montana Office of Tourism at the Montana Department of Commerce. The program helps communities strengthen and preserve thei... Learn More
The Big Sky Economic Development Trust Fund Program (BSTF) provides state funds to promote long-term stable economic growth in Montana with financial assistance in the following two categories: Economic Development Job Creation Projects Job Creation funding is awarded to create good paying jobs for residents in basi... Learn More
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