Form Nc-478g - Tax Credit Investing In Renewable Energy Property - 2005

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NC-478G
2005 Tax Credit
File with NC-478
Web
Investing in Renewable Energy Property
12-05
North Carolina Department of Revenue
Legal Name (First 10 Characters)
SSN or FEIN
Part 1.
Business Information
Type of Renewable Energy Property
Address and County Where Energy Property is Placed in Service
Fill in all applicable circles:
Biomass
Passive solar
Hydroelectric
Daylighting
Solar thermal
Wind
Solar electric
Biofuels
Type of Residence or Purpose Served
Fill in applicable circles:
Single-family dwelling
Duplexes, apartments, or other multi-family building
Nonresidential purpose
Part 2.
Computation of Credit Amount for Investing in Property Serving Single-Family Dwelling in 2005
(This credit must be taken in 2005.)
Cost of renewable energy property constructed, purchased, or leased
1.
,
,
.
and placed in service in N.C. in 2005 for one single-family dwelling
00
Enter here and on Form NC-478, Part 4, Line 32
,
,
.
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
00
heating or for combined domestic water heating and space heating
Enter $10,500 for any other renewable energy property
,
.
4. Credit amount for investing in single-family renewable energy property
00
Enter the lesser of Line 2 or Line 3 here and on Part 4, Line 10
Part 3.
Computation of Credit Amount for Investing in Property Serving a Nonresidential Purpose
or a Multi-Family Building in 2005
(The first installment of this credit must be taken in 2005.)
,
,
.
Cost of renewable energy property placed in service in N.C. in 2005
5.
00
Enter here and on Form NC-478, Part 4, Line 32
,
,
.
6.
Multiply Line 5 by 35.0%
00
7.
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
,
.
8. Credit amount for investing in nonresidential or multi-family renewable energy property
00
NC
Enter the lesser of Line 6 or Line 7 here and on Credit History Table in Part 5
,
.
9.
Amount of each installment
(Credit is taken in 5 installments)
00
Divide Line 8 by the number 5; enter here and on Part 4, Line 11
478G

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