NC-478G
2010 Tax Credit
Web
Investing in Renewable Energy Property
12-10
North Carolina Department of Revenue
Legal Name (First 10 Characters)
SSN or FEIN
Part 1.
Qualifying 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
Combined Heat and Power
Biofuels
Solar electric
Geothermal
Purpose Served
Fill in applicable circles:
Business purpose
Nonbusiness purpose
Part 2.
Computation of Credit Amount for Investing in Nonbusiness Property in 2010
(This credit must be taken in 2010.)
,
,
.
Cost of renewable energy property constructed, purchased, or leased
1.
00
and placed in service in N.C. in 2010 for a nonbusiness purpose
,
,
.
2.
Multiply Line 1 by 35.0%
00
3.
Maximum credit
(Enter applicable maximum)
Enter $1,400 per dwelling for solar energy equipment for domestic water heating
Enter $3,500 per dwelling for solar energy equipment for active or passive
,
,
.
space heating or for combined domestic water heating and space heating
00
Enter $8,400 for each installation of geothermal equipment
Enter $10,500 for each installation of any other renewable energy property
,
,
.
4.
Credit Amount for Investing in Nonbusiness 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 Business Purpose in 2010
(The first installment of this credit must be taken in 2010.)
,
,
.
5.
Cost of renewable energy property placed in service in N.C. in 2010
00
,
,
.
6.
Multiply Line 5 by 35.0%
00
7.
Maximum credit
,
,
.
Enter $2,500,000 for each installation of renewable energy property that
00
serves a business purpose
,
,
.
8.
Credit Amount for Investing in Renewable Energy Property
00
Serving a Business Purpose
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
File with NC-478