Other technologies, including open-loop biomass, small irrigation power, municipal solid waste, qualified hydropower, and marine and hydrokinetic energy facilities, qualify for a reduced credit amount, where the amount of the credit is reduced by one-half. Wind (before applying the 2017-2020 phaseout rates), closed-loop biomass, and geothermal energy technologies qualify for the maximum credit amount.
The maximum credit amount for 2019 is 2.5 cents per kWh.2 The maximum credit rate, set at 1.5 cents per kWh in statute, is adjusted annually for inflation. The credit can be claimed for a 10-year period once a qualifying facility is placed in service. The renewable electricity PTC is a per kWh credit for electricity generated using qualified energy resources.To qualify for the credit, the electricity must be sold by the taxpayer to an unrelated person. Renewable Electricity Production Tax Credit (PTC)
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