Investor Presentaiton

TIAP - CHP What is the tax incentive for Combined Heat and Power (CHP) property? A 10% investment tax credit for CHP property, applicable to only the first 15 MW of CHP property. Who is eligible for the incentives? • Owners of systems smaller than 50 MW may take advantage of this tax credit, and their systems must be placed into service between October 3, 2008 and January 1, 2017. Only the original constructor or user of the CHP property may take the tax credit. What are the incentives and how do they work? • The incentive is an investment tax credit, a reduction in either overall individual or overall business tax liabilities. The incentive can also be applied to the alternative minimum tax. CHP system owners/users cannot take the credit until the year that the system is operational. What do I have to do to qualify for the incentives? To qualify, a CHP system must be 60 percent efficient (on a lower heating value basis), produce at least 20% of its useful energy as electricity and at least another 20% as useful thermal energy. Resource for qualifying technologies and designs? The Environmental Protection Agency's CHP Partnership http://energytaxincentives.org/business/chp.php

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