Georgia Energy Efficiency Financial Incentives

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Georgia

Financial Incentives

Information provided the Database of State Incentives for Renewables and Efficiency (DSIRE)

Corporate Tax Credit

Summary: In May 2008, Georgia enacted legislation establishing personal and corporate tax credits for renewable energy equipment and certain energy-efficient equipment installed and placed into service. For renewable energy property used for any purpose other than single-family residential purposes, the tax credit is equal to 35% of the cost of the system (including installation), $0.60/square foot for lighting retrofit projects, and $1.80/square foot for energy-efficient products installed during construction. The credit is implemented by the Georgia Environmental Facilities Authority (GEFA).

Leased systems are eligible for the credit. In the case of a leased system, the cost is considered to be eight times the net annual rental rate, which is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals.

Links:

For more information on this financial incentive for energy efficiency in Connecticut, visit DSIRE
Visit the Clean Energy Property Tax Credit Website
O.C.G. § 48-7-29.14

Last Updated 06/22/2009

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For more information contact:
Sarah Black, Energy Policy Research Assistant