Form 5695-K - Kentucky Energy Efficiency Products Tax Credit - 2011 Page 3
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45695–K
Page 3
INSTRUCTIONS FOR FORM 5695–K
41A720–S7 (10–11)
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
Purpose of Form—This form is used by a taxpayer to claim a tax
natural gas, propane, or oil furnace or hot water heater; (h) A
credit for installation of energy efficiency products for residential
hot water boiler including outdoor wood–fired boiler units; or
and commercial property as provided by KRS 141.436. The
(i) An advanced main air circulating fan.
nonrefundable credit shall apply against tax imposed under KRS
141.020 or 141.040, and KRS 141.0401 for taxable years beginning
Line 14—Enter the amount on Line 13 multiplied by 30 percent
after December 31, 2008, and before January 1, 2016. An unused
(.30).
tax credit may be carried forward one year.
Line 15—Enter the total of the amounts from Form 720S, Schedule
PART I – QUALIFICATIONS
K–1, Line 28 and Form 765 or Form 765–GP, Schedule K–1, Line
29.
The tax credit provided by KRS 141.436 shall apply in the tax
year in which the installation is complete. If the installation was
Line 16—Enter the total of Lines 14 and 15.
completed before January 1, 2011, or after December 31, 2011,
you do not qualify for this credit. If you have taken the ENERGY
Line 18—Enter the smaller of Line 16 or Line 17.
STAR home or the ENERGY STAR manufactured home tax credit
provided by KRS 141.437, you do not qualify for this credit.
Line 19—Enter the total of Lines 6, 12, and 18.
PART II – INSTALLATION OF ENERGY EFFICIENCY PRODUCTS
Line 21—Enter the smaller of Line 19 or Line 20.
Taxpayer’s Residence or Single–family or Multifamily Residential
Taxpayer’s Residence or Single–family Residential Rental
Rental Unit:
Unit:
Line 1—Enter the installed cost of qualified upgraded insulation.
Line 22—Enter the installed cost of a qualified active solar
KRS 141.435(15) provides that “upgraded insulation” means
space–heating system. KRS 141.435(1) provides that “active
insulation with the following R–value ratings: (a) Attic insulation
solar space–heating system” means a system that: (a) Consists
rated R–38 or higher; (b) Exterior wall, crawl space, and basement
of solar energy collectors that collect and absorb solar radiation
exterior wall insulation rated R–13 or higher; and (c) Floor
combined with electric fans or pumps to transfer and distribute
insulation rated R–19 or higher.
that solar heat; (b) May include an energy storage space–heating
system to provide heat when the sun is not shining; and (c) Is
Line 2—Enter the amount on Line 1 multiplied by 30 percent
installed by a certified installer.
(.30).
Line 23—Enter the installed cost of a qualified passive solar
Line 3—Enter the total of the amounts from Form 720S, Schedule
space–heating system. KRS 141.435(11) provides that “passive
K–1, Line 26 and Form 765 or Form 765–GP, Schedule K–1, Line
solar space–heating system” means a system that: (a) Takes
27.
advantage of the warmth of the sun through the use of design
features such as large south–facing windows and materials in
Line 4—Enter the total of Lines 2 and 3.
the floors or walls that absorb warmth during the day and release
that warmth at night; (b) Includes one or more of the following
Line 6—Enter the smaller of Line 4 or Line 5.
designs: (i) Direct gain which stores and slowly releases heat
energy collected from the sun shining directly into the building
Line 7—Enter the installed cost of qualified energy–efficient
and warming materials such as tile or concrete; (ii) Indirect gain
windows and storm doors. KRS 141.435(8) provides that
which uses materials that are located between the sun and the
“energy–efficient windows and storm doors” means windows
living space such as a wall to hold, store, and release heat; or
and storm doors that are: (a) ENERGY STAR–labeled; and (b)
(iii) Isolated gain which collects warmer air from an area that
Certified by the National Fenestration Rating Council as meeting
is remote from the living space, such as a sunroom attached
the North–Central U.S. climate zone performance standards for
to a house, and the warmer air flows naturally to the rest of the
U–factor (nonsolar heat conductance), solar heat gain coefficient,
house; and (c) Meets the guidelines and technical requirements
air leakage, visible–light transmittance, and condensation
for passive solar design.
resistance.
Line 24—Enter the installed cost of a qualified combined active
Line 8—Enter the amount on Line 7 multiplied by 30 percent
solar space–heating and water–heating system. KRS 141.435(3)
(.30).
provides that a “combined active solar space–heating and water–
heating system” means a system that meets the requirements
Line 9—Enter the total of the amounts from Form 720S, Schedule
of both an active solar space–heating system and a solar water–
K–1, Line 27 and Form 765 or Form 765–GP, Schedule K–1, Line
heating system and is installed by a certified installer.
28.
Line 25—Enter the installed cost of a qualified solar water–heating
Line 10—Enter the total of Lines 8 and 9.
system. KRS 141.435(14) provides that a “solar water–heating
system” means a system that: (a) Uses solar–thermal energy
Line 12—Enter the smaller of Line 10 or Line 11.
to heat water; (b) Is an indirect pressurized glycol system that
uses propylene glycol or an indirect drainback system that uses
Line 13—Enter the installed cost of qualified energy property.
distilled water or propylene glycol; (c) Uses OG–100 solar thermal
KRS 141.435(12) provides that “qualified energy property”
collectors that are certified by the Solar Rating and Certification
means the following property that meets the performance,
Corporation and covered by a manufacturer’s warranty of not
quality, and certification standards of and that would have
less than five years; (d) Is installed by a certified installer; and
been eligible for the federal tax credit for residential energy
(e) Is warranted by the certified installer for a period of not less
property expenditures under 26 U.S.C. § 25C, as it existed on
than two years.
December 31, 2007: (a) An electric heat pump water heater; (b)
An electric heat pump; (c) A closed loop geothermal heat pump;
Line 26—Enter the installed cost of a qualified wind turbine or
(d) An open loop geothermal heat pump; (e) A direct expansion
wind machine. KRS 141.435(16) provides that a “wind turbine” or
(DX) geothermal heat pump; (f) A central air conditioner; (g) A
“wind machine” means a turbine or machine used for generating
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