Indiana

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

Summary: Indiana offers a tax credit to individuals and small businesses for the costs associated with purchasing Energy Star qualified air conditioners, furnaces, programmable thermostats and water heaters (collectively heating and cooling equipment). The credit may be claimed against the state income tax, insurance premium tax, or financial institutions tax. The amount of the tax credit is set at 20% of the expenditures for qualified heating and cooling equipment up to $100 per taxable year. Credits in excess of a taxpayer's liability for a given year may not be refunded, carried over to succeeding years, or carried back to prior years.  

It is important to note that the energy savings tax credit can only be claimed for the 2009 and 2010 tax years. The total value of all credits granted under this law cannot exceed $1 million per fiscal year.

Links:

• Ind. Code § 6-3.1-31.5
• For more information on this financial incentive for energy efficiency in Indiana, visit DSIRE

Summary: Indiana offers a tax credit to individuals and small businesses for the costs associated with purchasing Energy Star qualified air conditioners, furnaces, programmable thermostats and water heaters (collectively heating and cooling equipment). The credit may be claimed against the state income tax, insurance premium tax, or financial institutions tax. The amount of the tax credit is set at 20% of the expenditures for qualified heating and cooling equipment up to $100 per taxable year. Credits in excess of a taxpayer's liability for a given year may not be refunded, carried over to succeeding years, or carried back to prior years.  

It is important to note that the energy savings tax credit can only be claimed for the 2009 and 2010 tax years. The total value of all credits granted under this law cannot exceed $1 million per fiscal year.

Links:

• Ind. Code § 6-3.1-31.5
• For more information on this financial incentive for energy efficiency in Indiana, visit DSIRE

Summary:  The Indiana Office of Energy Development (OED) Commercial and Industrial Loan Program provides low-interest loans to Indiana’s industrial and commercial sectors.  This program provides funding of $50,000-$500,000 for projects designed to reduce energy consumption through energy efficient retrofits.  Examples of appropriate technology include, but are not limited to, lighting, energy management systems, chillers, furnaces, boilers, insulation, windows, and compressed air systems.  Prior to application, an energy audit must be performed; however, this is an expense that may be added to total project cost for financing.

Links:

• For more information on incentives offered by the Indiana Office of Energy Development, please visit www.energy.in.gov.

Summary:  The Indiana Office of Energy Development (OED) Small Business and Non-profit Loan Program provides low-interest loans to Indiana’s small business, non-profit, healthcare, and higher education sectors.  This program provides funding of $10,000-$100,000 for projects designed to reduce energy consumption through energy efficient retrofits.  Examples of appropriate technology include, but are not limited to, lighting, energy management systems, chillers, furnaces, boilers, insulation, windows, and compressed air systems.  Prior to application, an energy audit must be performed; however, this is an expense that may be added to total project cost for financing.

Links:

• For more information on incentives offered by the Indiana Office of Energy Development, please visit www.energy.in.gov.

Last Updated 09/03/2009

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