US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 30
                                  INCOME TAX
    63-3022C.  DEDUCTION FOR ALTERNATIVE ENERGY DEVICE AT RESIDENCE. (1) An
individual taxpayer who installs an alternative energy device to serve a place
of residence of the individual taxpayer in the state of Idaho may deduct from
taxable income the following amounts actually paid or accrued by the
individual taxpayer: forty percent (40%) of the amount that is properly
attributable to the construction, reconstruction, remodeling, installation or
acquisition of the alternative energy device in the year when such device is
completed or acquired and is placed in service by the taxpayer; and twenty
percent (20%) per year thereafter for a period of three (3) succeeding years;
provided, however, that said deduction shall not exceed five thousand dollars
($5,000) in any one (1) taxable year.
    (2)  An individual taxpayer who purchases a residence in the state of
Idaho served by an alternative energy device for which none or less than all
of the total deduction allowable under this section has been taken, may take
the deduction specified in this section, or the unused balance of the
deduction.
    (3)  As used in this section, "alternative energy device" means any system
or mechanism or series of mechanisms using solar radiation, wind or geothermal
resource as defined in section 42-4002, Idaho Code, primarily to provide
heating, to provide cooling, to produce electrical power, or any combination
thereof. Alternative energy device includes a fluid to air heat pump operating
on a fluid reservoir heated by solar radiation or geothermal resource.
Alternative energy device shall also include either a natural gas heating
unit, or a propane heating unit, or a wood burning stove which meets the most
current environmental protection agency certification, or a pellet stove which
meets the most current industry and state standards, and which natural gas
heating unit, or propane heating unit, or wood burning stove which meets the
most current environmental protection agency certification, or pellet stove
which meets the most current industry and state standards is used to replace
during the same tax year a  wood burning stove designed for residential
heating and that does not meet environmental protection agency requirements
for certification, provided the wood burning stove is surrendered to the
department of environmental quality or its agent for destruction in accordance
with applicable federal and state rules.