Biomass, Geothermal, Solar or Wind Energy Credit

An individual, estate, trust partnership, corporation or limited liability company is allowed an income tax credit for installing a biomass, geothermal, solar or wind energy device in a building or on property owned or leased in North Dakota.

The credit is equal to 3% of the cost of acquisition and installation and is allowed in each of the first five tax years (for a total of 15 percent) beginning with the year in which installation was completed. For taxable years beginning after December 31, 2004, any credit in excess of the year's tax liability may be carried forward to the five succeeding tax years. This credit expires on January 1, 2011.

N.D.C.C. §57-38-01.8