Form 5695-K - Kentucky Energy Efficiency Products Tax Credit - 2011 Page 4

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5695–K
INSTRUCTIONS FOR FORM 5695–K
Page 4
41A720–S7 (10–11)
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
electricity that: (a) Is certified as meeting the U.S. Wind Industry
Line 43—Enter the amount on Line 42 multiplied by 30 percent
Consensus Standards developed by the American Wind Energy
(.30).
Association in partnership with the U.S. Department of Energy;
(b) Is covered by a manufacturer’s warranty of not less than
Line 44—Enter the total of the amounts from Form 720S, Schedule
five years; (c) Is in compliance with all relevant building codes,
K–1, Line 31 and Form 765 or Form 765–GP, Schedule K–1, Line
height restriction variances, other special code requirements,
32.
and zoning ordinances; (d) Has been installed in accordance
with all building codes and all permits were received prior to the
Line 45—Enter the total of Lines 43 and 44.
start of construction and installation; (e) Is in compliance with
all applicable Federal Aviation Administration regulations; (f)
Line 46—Enter the total watts of direct current (DC) (enter watts
Meets all requirements of Article 705 of the National Electrical
in space provided on this line) of the rated capacity of a qualified
Code for electrical components and installations; and (g) Is rated
solar photovoltaic system multiplied by $3. See instructions for
and listed by Underwriters Laboratories.
Line 31 to determine qualified cost.
Line 27—Enter the total of Lines 22 through 26.
Line 47—Enter the total of the amounts from Form 720S, Schedule
K–1, Line 32 and Form 765 or Form 765–GP, Schedule K–1, Line 33.
Line 28—Enter the amount on Line 27 multiplied by 30 percent
(.30).
Line 48—Enter the total of Lines 46 and 47.
Line 29—Enter the total of the amounts from Form 720S, Schedule
Line 49—Enter the larger of Line 45 or Line 48.
K–1, Line 29 and Form 765 or Form 765–GP, Schedule K–1, Line
30.
Line 51—Enter the smaller of Line 49 or Line 50.
Line 30—Enter the total of Lines 28 and 29.
Commercial Property:
Line 31—Enter the total watts of direct current (DC) (enter watts
Line 52—Enter the installed cost of a qualified energy–efficient
in space provided on this line) of the rated capacity of a qualified
interior lighting system. KRS 141.435(6) provides that “energy–
solar photovoltaic system multiplied by $3. KRS 141.435(13)
efficient interior lighting system” means an interior lighting
provides that a “solar photovoltaic system” means a system for
system that meets the maximum reduction in lighting power
electricity generation that: (a) Includes solar photovoltaic panels,
density requirements for the federal energy efficient commercial
structural attachments, electric wiring, inverters for converting
building deduction under 26 U.S.C. § 179D, as in effect December
direct current output to alternating current, and appropriate
31, 2007.
controls and safety measures for output monitoring; (b) Meets
the requirements of Article 690 of the National Electrical Code;
Line 53—Enter the amount on Line 52 multiplied by 30 percent
(c) Uses solar photovoltaic panels and inverters that are rated
(.30).
and listed by Underwriters Laboratories; and (d) Is installed by
a certified installer.
Line 54—Enter the total of the amounts from Form 720S, Schedule
K–1, Line 33 and Form 765 or Form 765–GP, Schedule K–1, Line
Line 32—Enter the total of the amounts from Form 720S, Schedule
34.
K–1, Line 30 and Form 765 or Form 765–GP, Schedule K–1, Line
31.
Line 55—Enter the total of Lines 53 and 54.
Line 33—Enter the total of Lines 31 and 32.
Line 57—Enter the smaller of Line 55 or Line 56.
Line 34—Enter the larger of Line 30 or Line 33.
Line 58—Enter the installed cost of a qualified energy–efficient
heating, cooling, ventilation, or hot water system. KRS 141.435(7)
Line 36—Enter the smaller of Line 34 or Line 35.
provides that “energy–efficient heating, cooling, ventilation,
or hot water system” means a heating, cooling, ventilation, or
Multifamily Residential Rental Unit or Commercial Property:
hot water system that meets the requirements for the federal
energy–efficient commercial building deduction under 26 U.S.C.
Line 37—Enter the installed cost of a qualified active solar
§ 179D, as in effect December 31, 2007.
space–heating system. See instructions for Line 22 to determine
qualified cost.
Line 59—Enter the amount on Line 58 multiplied by 30 percent
(.30).
Line 38—Enter the installed cost of a qualified passive solar
space–heating system. See instructions for Line 23 to determine
Line 60—Enter the total of the amounts from Form 720S, Schedule
qualified cost.
K–1, Line 34 and Form 765 or Form 765–GP, Schedule K–1, Line
35.
Line 39—Enter the installed cost of a qualified combined active
solar space–heating and water–heating system. See instructions
Line 61—Enter the total of Lines 59 and 60.
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
system. See instructions for Line 25 to determine qualified
Line 64—Enter the total of Lines 57 and 63.
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
Line 66—Enter the carry forward balance of any Energy Efficiency
cost.
Products Tax Credit earned in 2010, if applicable.
Line 42—Enter the total of Lines 37 through 41.
Line 67—Enter the total of Lines 65 and 66.

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