Form Nc-478g - Tax Credit Investing In Renewable Energy Property - 2011
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1
22011 Tax Credit
NC-478G
Investing in Renewable Energy Property
Web
11-11
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
Biofuels
Combined Heat and Power
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 2011
(This credit must be taken in 2011.)
,
,
.
Cost of renewable energy property constructed, purchased, or leased
1.
00
and placed in service in N.C. in 2011 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 2011
(The first installment of this credit must be taken in 2011.)
,
,
.
5.
Cost of renewable energy property constructed, purchased, or leased
00
and placed in service in N.C. in 2011 for a business purpose
,
,
.
6.
Multiply Line 5 by 35.0%
00
7.
Maximum credit
,
,
(Enter applicable maximum)
.
00
Enter $5,000,000 for each installation of renewable energy property placed
in service at an eco-industrial park
Enter $2,500,000 for each installation of renewable energy property placed
in service at any other location in this State
,
,
.
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
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