Form 5695-K 2015 - Kentucky Department Of Revenue - Kentucky Energy Efficiency Products Tax Credit Page 4

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5695–K
INSTRUCTIONS FOR FORM 5695–K
Page 4
41A720–S7 (10–15)
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
Consensus Standards developed by the American Wind Energy
Line 44—Enter the total of the amounts from Form 720S, Schedule
Association in partnership with the U.S. Department of Energy;
K–1, Line 32 and from Form 765 or Form 765–GP, Schedule K–1,
(b) Is covered by a manufacturer’s warranty of not less than
Line 33.
five years; (c) Is in compliance with all relevant building codes,
height restriction variances, other special code requirements,
Line 45—Enter the total of Lines 43 and 44.
and zoning ordinances; (d) Has been installed in accordance
with all building codes and all permits were received prior to the
Line 46—Enter the total watts of direct current (DC) (enter watts
start of construction and installation; (e) Is in compliance with all
in space provided on this line) of the rated capacity of a qualified
applicable Federal Aviation Administration regulations; (f) Meets
solar photovoltaic system multiplied by $3. See instructions for
all requirements of Article 705 of the National Electrical Code for
Line 31 to determine qualified cost.
electrical components and installations; and (g) Is rated and listed
by Underwriters Laboratories.
Line 47—Enter the total of the amounts from Form 720S, Schedule K–1,
Line 33 and from Form 765 or Form 765–GP, Schedule K–1, Line 34.
Line 27—Enter the total of Lines 22 through 26.
Line 48—Enter the total of Lines 46 and 47.
Line 28—Enter the amount on Line 27 multiplied by 30 percent (.30).
Line 49—Enter the larger of Line 45 or Line 48.
Line 29—Enter the total of the amounts from Form 720S, Schedule
K–1, Line 30 and from Form 765 or Form 765–GP, Schedule K–1,
Line 51—Enter the smaller of Line 49 or Line 50.
Line 31.
Commercial Property:
Line 30—Enter the total of Lines 28 and 29.
Line 52—Enter the installed cost of a qualified energy–efficient
Line 31—Enter the total watts of direct current (DC) (enter watts
interior lighting system. KRS 141.435(6) provides that “energy–
in space provided on this line) of the rated capacity of a qualified
efficient interior lighting system” means an interior lighting
solar photovoltaic system multiplied by $3. KRS 141.435(13)
system that meets the maximum reduction in lighting power
provides that a “solar photovoltaic system” means a system for
density requirements for the federal energy efficient commercial
electricity generation that: (a) Includes solar photovoltaic panels,
building deduction under 26 U.S.C. § 179D, as in effect December
structural attachments, electric wiring, inverters for converting
31, 2007.
direct current output to alternating current, and appropriate
controls and safety measures for output monitoring; (b) Meets
Line 53—Enter the amount on Line 52 multiplied by 30 percent (.30).
the requirements of Article 690 of the National Electrical Code;
(c) Uses solar photovoltaic panels and inverters that are rated
Line 54—Enter the total of the amounts from Form 720S, Schedule
and listed by Underwriters Laboratories; and (d) Is installed by a
K–1, Line 34 and from Form 765 or Form 765–GP, Schedule K–1,
certified installer.
Line 35.
Line 32—Enter the total of the amounts from Form 720S, Schedule
K–1, Line 31 and from Form 765 or Form 765–GP, Schedule K–1,
Line 55—Enter the total of Lines 53 and 54.
Line 32.
Line 57—Enter the smaller of Line 55 or Line 56.
Line 33—Enter the total of Lines 31 and 32.
Line 58—Enter the installed cost of a qualified energy–efficient
Line 34—Enter the larger of Line 30 or Line 33.
heating, cooling, ventilation, or hot water system. KRS 141.435(7)
provides that “energy–efficient heating, cooling, ventilation, or hot
Line 36—Enter the smaller of Line 34 or Line 35.
water system” means a heating, cooling, ventilation, or hot water
system that meets the requirements for the federal energy–efficient
Multifamily Residential Rental Unit or Commercial Property:
commercial building deduction under 26 U.S.C. § 179D, as in effect
December 31, 2007.
Line 37—Enter the installed cost of a qualified active solar space–
heating system. See instructions for Line 22 to determine qualified
Line 59—Enter the amount on Line 58 multiplied by 30 percent
cost.
(.30).
Line 38—Enter the installed cost of a qualified passive solar
Line 60—Enter the total of the amounts from Form 720S, Schedule
space–heating system. See instructions for Line 23 to determine
K–1, Line 35 and from Form 765 or Form 765–GP, Schedule K–1,
qualified cost.
Line 36.
Line 39—Enter the installed cost of a qualified combined active
Line 61—Enter the total of Lines 59 and 60.
solar space–heating and water–heating system. See instructions
for Line 24 to determine qualified cost.
Line 63—Enter the smaller of Line 61 or Line 62.
Line 40—Enter the installed cost of a qualified solar water–heating
Line 64—Enter the total of Lines 57 and 63.
system. See instructions for Line 25 to determine qualified cost.
Line 65—Enter the total of Lines 21, 36, 51 and 64.
Line 41—Enter the installed cost of a qualified wind turbine or wind
machine. See instructions for Line 26 to determine qualified cost.
Line 66—Enter the carryforward balance of any Energy Efficiency
Products Tax Credit earned in 2014, if applicable.
Line 42—Enter the total of Lines 37 through 41.
Line 43—Enter the amount on Line 42 multiplied by 30 percent (.30).
Line 67—Enter the total of Lines 65 and 66.

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