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Montana Alternative Energy Systems Credit

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Montana Alternative Energy Systems Credit

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Line 13a – Nonfossil form of energy: If you are a resident of Montana, you can claim a credit against your income tax liability for the cost of purchasing and installing an energy system that uses a recognized nonfossil form of energy such as, but not limited to, solar energy, wind energy, solid waste and organic waste in your principal home. Your total credit cannot exceed $500 per taxpayer. Any balance of your credit that is not used in 2014 can be carried forward
and applied to future income tax liabilities for a period of four succeeding tax years. You are not allowed to claim both the alternative energy systems credit and the geothermal systems credit for the same investment.


Line 13b – Low emission wood or biomass combustion: If you are a resident of Montana, you can claim a credit against your income tax liability for the cost
of purchasing and installing an energy system using a low emission wood or biomass combustion device, such as a pellet or wood stove in your principal home. You can also claim the credit for installing certain outdoor hydronic heaters or masonry heaters. Your total credit cannot exceed $500 per taxpayer. Any balance of your credit that is not used in 2014 can be carried forward and applied to future income tax liabilities for a period of four succeeding
tax years.


For further instructions on the alternative energy systems credit, and to calculate this credit, see Montana Form ENRG-B. When you claim this credit, you will have to include a copy of Form ENRG-B with your tax return.

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Views: 422 Created on: Jun 15, 2013
Date updated: Sep 01, 2015
Posted in: STATES, Montana

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