Enlarge image | OMB No. 1545-1362 Renewable Electricity Production Credit Form 8835 Attach to your tax return. Department of the Treasury 2024 Internal Revenue Service Go to www.irs.gov/Form8835 for instructions and the latest information. Attachment Sequence No. 835 Name(s) shown on return Identifying number Part I Information on Qualified Property or Qualified Facility 1 If making an elective payment election or transfer election, enter the IRS-issued registration number for the facility: 2a Type (wind, closed-loop biomass, geothermal, solar, open-loop biomass, landfill gas, etc.): 2b If different than filer, enter (i) owner’s name and (ii) owner’s TIN: 3a Address of the facility (if applicable): 3b Coordinates. (i) Latitude: . (ii) Longitude: . Enter a “+” (plus) or “-” (minus) sign in the first box. Enter a “+” (plus) or “-” (minus) sign in the first box. 4 Date construction began (MM/DD/YYYY): 5 Date placed in service (MM/DD/YYYY): 6 Is this facility an expansion of an existing closed-loop biomass or open-loop biomass facility? Yes No 7 Reserved for future use. Yes. No. 8 Does the project satisfy one of the qualified facility requirements? See instructions. a Yes, the facility’s maximum net output is less than 1 megawatt (as measured in alternating current). b Yes, the facility’s construction began before January 29, 2023. c Yes, the facility meets the prevailing wage requirements of section 45(b)(7)(A) and the apprenticeship requirements of section 45(b)(8). d No, the facility does not meet the qualified facility requirements. 9 Does the property qualify for the domestic bonus credit? a Yes, and section 45(b)(9)(B) is satisfied (10% bonus). Attach the required information. See instructions. b No. 10 Does the project qualify for an energy community bonus credit? a Yes, and section 45(b)(11)(B) is satisfied (10% bonus). See instructions. b No. c Not applicable. 11 Enter the nameplate capacity direct current (dc) in kW for: a Solar energy property facility: b Not applicable. 12 Enter the nameplate capacity, alternating current (ac) for all electricity generating energy properties or facilities in kW: a Solar energy property or facility: b Wind energy property or facility: c Other: d Not applicable. For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 14954R Form 8835 (2024) |
Enlarge image | Form 8835 (2024) Page 2 Part II Renewable Electricity Production (a) (b) (c) Complete line 1 with respect to electricity Kilowatt-hours produced Rate Column (a) × produced at qualified facilities using: and sold (see instructions) (see inst.)* Column (b) 1a Wind . . . . . . . . . . . 1a $0.006 b Closed-loop biomass . . . . . . 1b $0.006 c Geothermal . . . . . . . . . 1c $0.006 d Solar . . . . . . . . . . . 1d $0.006 e Offshore wind facility . . . . . . 1e $0.006 f Open-loop biomass . . . . . . 1f $0.003 g Landfill gas . . . . . . . . . 1g $0.003 h Trash . . . . . . . . . . . 1h $0.003 i Hydropower . . . . . . . . . 1i $0.003** j Marine and hydrokinetic renewables . 1j $0.003** 2 Add column (c) of lines 1a through 1j and enter here . . . . . . . . . . . . . . . . 2 3 Phaseout adjustment (see instructions) . . . . . . . . $ × 3 4 Credit before reduction. Subtract line 3 from line 2 . . . . . . . . . . . . . . . . 4 Credit reduction for tax-exempt bonds If you used proceeds of tax-exempt bonds to finance your facility, continue to line 5a; otherwise, enter the amount from line 4 on line 6. 5a Divide. Sum, for the tax year and all prior tax years, of all proceeds of tax-exempt bonds (within the meaning of section 103), used to finance the qualified facility, as of the close of the tax year = . . . . . . . 5a Aggregate amount of additions to the capital account for the qualified facility, for the tax year and all prior tax years, as of the close of the tax year b Multiply line 4 by line 5a . . . . . . . . . . . . . . . . . . . . . . . . . 5b c Multiply line 4 by 15% (0.15) . . . . . . . . . . . . . . . . . . . . . . . 5c d Enter the smaller of line 5b or line 5c . . . . . . . . . . . . . . . . . . . . . 5d 6 Subtract line 5d from line 4 . . . . . . . . . . . . . . . . . . . . . . . . 6 7 a Enter the amount from line 6 applicable to wind facilities, the construction of which began during 2017 . . . . . . . . . . . . . . . . 7a b For facilities placed in service after 2021, enter -0-; otherwise, multiply line 7a by 20% (0.20) . . 7b c Enter the amount from line 6 applicable to wind facilities, the construction of which began during 2018, 2020, or 2021 . . . . . . . . . . 7c d For facilities placed in service after 2021, enter -0-; otherwise, multiply line 7c by 40% (0.40) . . 7d e Enter the amount from line 6 applicable to wind facilities, the construction of which began during 2019 . . . . . . . . . . . . . . . . . 7e f For facilities placed in service after 2021, enter -0-; otherwise, multiply line 7e by 60% (0.60) . . 7f g Add lines 7b, 7d, and 7f . . . . . . . . . . . . . . . . . . . . . . . . . 7g 8 Subtract line 7g from line 6 . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Increased credit amount for qualified facilities. Did you check a “Yes” box in Part I, question 8? If so, multiply the amount in Part II, line 8, by 5.0. If not, enter the amount from Part II, line 8 . . 9 10 Domestic content bonus credit. See instructions. If you qualify, multiply the amount on line 9 by 10% (0.10). Otherwise, enter -0- . . . . . . . 10 11 Energy community bonus credit. See instructions. If you qualify, multiply the amount on line 9 by 10% (0.10). Otherwise, enter -0- . . . . . . . 11 12 Add lines 9, 10, and 11 . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 If you are making an elective payment election under section 6417 for a facility whose construction began in calendar year 2024, and the facility does not conform to section 45(b)(10)(B), or meet an exception under section 45(b)(10)(D), multiply line 12 by 90% (0.90). All others, enter the amount from line 12 . . 13 *See instructions for rates to use for facilities placed in service before 2022. **$0.006 for qualified facilities related to hydropower and marine and hydrokinetic renewables placed in service after 2022. See instructions. Form 8835 (2024) |
Enlarge image | Form 8835 (2024) Page 3 Part II Renewable Electricity Production (continued) 14 Renewable electricity production credit from partnerships, S corporations, cooperatives, estates, and trusts (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Add lines 13 and 14. Cooperatives, estates, and trusts, go to line 16. Partnerships, and S corporations, stop here and report this amount on Schedule K. All others: For electricity produced during the 4-year period beginning on the date the facility was placed in service, stop here, and report the applicable part of this amount on Form 3800, Part III, line 4e. For all other production of electricity, stop here and report the applicable part of this amount on Form 3800, Part III, line 1f. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Amount allocated to patrons of the cooperative or beneficiaries of the estate or trust (see instructions) 16 17 Cooperatives, estates, and trusts, subtract line 16 from line 15. For electricity produced during the 4-year period beginning on the date the facility was placed in service, report the applicable part of this amount on Form 3800, Part III, line 4e. For all other production of electricity, report the applicable part of this amount on Form 3800, Part III, line 1f . . . . . . . . . . . . . 17 Form 8835 (2024) |