Form Nc-478g - Invesing In Reniwable Energy Property
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1
22001 Tax Credit
NC-478G
File with NC-478
Investing in Renewable Energy Property
North Carolina Department of Revenue
(First 10 Characters)
To be entitled to claim the tax credit for investing in renewable energy property, you must:
Address and County Where Energy
Property is Placed in Service
Construct, purchase, or lease renewable energy property and place it in service in N.C. during tax year
For leased property, obtain a written certification from the lessor that the lessor will not claim a
credit for the same property
Not claim any other N.C. tax credit for the same renewable energy property
Renewable energy property is any of the following:
Type of Renewable Energy Property
Fill in all applicable circles:
Part 1.
Computation of Eligible Credit Amount for Investing in 2001 in Property Serving Single-Family Dwelling
(This credit may be taken on the 2001 tax return.)
Cost of renewable energy property constructed, purchased, or leased and placed
1.
,
,
.
in service in N.C. in 2001 for one single-family dwelling
00
,
,
.
2. Multiply Line 1 by 35.0%
00
3.
Maximum credit
(Enter applicable maximum)
Enter $1,400 for solar energy equipment for domestic water heating
,
.
Enter $3,500 for solar energy equipment for active or passive space heating
00
or for combined domestic water heating and space heating
Enter $10,500 for any other renewable energy property
,
.
4. Eligible credit amount for investing in single-family renewable energy property
00
Part 2.
Computation of Eligible Credit Amount for Investing in 2001 in Property Serving a Nonresidential
Purpose or a Multi-Family Building
(The first installment of this credit may be taken on the 2001 tax return.)
,
,
.
Cost of renewable energy property placed in service in N.C. in 2001
1.
00
,
,
.
2. Multiply Line 1 by 35.0%
00
3.
Maximum credit
(Enter applicable maximum)
Enter $250,000 for property that serves a nonresidential purpose
Enter $1,400 multiplied by the number of dwelling units served for solar
energy equipment for domestic water heating
,
.
00
Enter $3,500 multiplied by the number of dwelling units served for solar
energy equipment for active or passive space heating or for combined
domestic water heating and space heating
Enter $10,500 for any other renewable energy property
,
.
4. Eligible credit amount for investing in renewable energy property
00
,
.
5.
Amount of each installment
00
NC
478G
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