Community solar incentive payments

From the 2024 DOR Tax Exemption Study

82.16.184 - Community solar incentive payments Description Beginning July 1, 2022, a light and power business is allowed a credit against PU tax equal to incentive payments made under the Community Solar Expansion Program. Credit claimed for incentive payments made to a community solar project may not exceed the greater of either of the following in a fiscal year: - $250,000. - 1.5% of the business’s taxable Washington power sales generated in calendar year 2014. Participating community solar projects must seek approval from the Washington State University Extension Energy Program (WSU). The right to apply for precertification ends June 30, 2033. No certification may be issued after June 30, 2035. Total statewide incentive payments may not exceed $100 million and are subject to the following biennial limits: - For fiscal year 2023, $300,000. - For each biennium beginning on or after July 1, 2023, $25 million. The right to earn credits expires June 30, 2036. Credits cannot be claimed after June 30, 2037. Purpose To support production of community solar projects. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.300 $2.600 $2.600 $2.600 Local Taxes $0.0