What is a qualified renewable energy facility.

CFR · 2024-01-01 · US · Title 10

In order to qualify for an incentive payment under this part, a renewable energy facility must meet the following qualifications— (a) (1) A State or a political subdivision of a State (or agency, authority, or instrumentality thereof); (2) A public utility described in section 115 of the Internal Revenue Code of 1986; (3) A not-for-profit electrical cooperative; (4) An Indian tribal government or subdivision thereof; or (5) A Native corporation. (b) (c) (d) (e) (f) (1) A facility employing solar, wind ocean, geothermal or biomass sources must be refurbished during the allowed time of first use such that the fair market value of any previously used property does not exceed 20% of the facility's total value. (2) A facility not employing solar, wind ocean, geothermal or biomass sources must be converted in part or in whole to a qualified facility during the allowed time of first use. (g)

official document · source cfr-2024 · id 10:§ 451.4