Renewab le Electricity Produ ction Tax C redit
August 2005
Compiled by the Northeast Regional Biomass Program
www.nrbp.org
This chart may be reproduced and distributed with credit to the Northeast Regional Biomass Program
1
Renewable Electricity Production Tax Credit*
Energy Policy Act of 2005
Qualifying
Resource**
Placed in Service Date
Amount of Credit
indexed for inflation***
Credit Period
Modification from Previous Law
Hydroelectric
Pow er
August 8, 2005 through January 1,
2008
0.75 cents per kWh
10 years beginning on date efficiency improvements or
additions to capacity are placed in service
New Provision
Indian Coal
August 8, 2005 through January 1,
2009
$1.50 per ton for years 2006 through
2009; $2.00 after 2009
7 years beginning on January 1, 2006
New Provision
Closed-loop
Biomass
December 31, 1992 through January
1, 2008
1.5 cents per kWh
10 years after the placed in service date
Placed in service date extended 2 years
Closed-loop
biomass modified
to co-fire with
coal and/or
biomass
Placed in service and modified to co-
fire with coal and/or biomass before
January 1, 2008
1.5 cents per kWh multiplied by the
ratio of the thermal content of the
closed-loop biomass to the thermal
content of all fuels used in the facility
10 years after the placed in service date but beginning no
earlier than October 22, 2004
Placed in service date extended 2 years
Open-loop
Biomass
Before January 1, 2008
.75 cents per kWh
10 years if placed in service after August 8, 2005
If Before: 5 years beginning on January 1, 2005
Placed in service date extended 2 years;
Expanded credit period from 5yrs to 10;
now includes nonhazardous lignin w aste
material
Open-loop
Biomass using
agricultural
livestock waste
nutrients
October 22, 2004 through January 1,
2008 (nameplate capacity of at least
150kW)
.75 cents per kWh
10 years if placed in service after August 8, 2005; If
before: 5 years after placed in service date. For those
placed in service prior to January 1, 2005, credit period
begins on January 1, 2005
Placed in service date