CCH (cch.taxgroup.com) reports:
Effective for taxable periods beginning after December 31, 2008, and beginning before January 1, 2016, Kentucky commercial and residential property owners may claim a nonrefundable credit against the corporation income tax, the limited liability entity tax (LLET), and the personal income tax for a portion of the costs associated with the installation of solar and wind-powered energy systems. A nonrefundable credit against income tax and LLET liability is also available for certain costs incurred by residential property owners who upgrade insulation, install energy efficient windows and doors, or construct or sell an Energy Star home. Commercial property owners who do not claim the Energy Star home credit may claim a nonrefundable credit for part of the costs relating to the installation of energy-efficient interior lighting, heating, cooling, ventilation, or hot water systems.
Effective April 24, 2008, the Kentucky Blue Grass Turns Green Program is created to provide low-interest loans to Kentucky businesses for projects that reduce the amount of energy consumed in an existing structure.
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