Clean-Energy Credit
Calculate a clean-energy credit using caller-supplied rate and cap.
Description
A clean-energy credit scenario applies a rate to supplied eligible cost and caps the result.
A clean-energy credit scenario applies a rate to supplied eligible cost and caps the result. The arithmetic cannot determine project qualification.1
Calculate a clean-energy credit using caller-supplied rate and cap.
When to use Clean-Energy Credit
Use this tool to calculate a clean-energy credit using caller-supplied rate and cap.
Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
How to use Clean-Energy Credit and understand its results
- Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
- Enter eligibleProjectCost, creditRatePercent, creditCap using the field table and calculation rules, then run the tool.
- Read uncappedCredit, creditAmount. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| eligibleProjectCost | Eligible project cost (currency) | number; minimum: 0 | Required |
| creditRatePercent | Credit rate (%) | number; minimum: 0 | Required |
| creditCap | Credit cap (currency) | number; minimum: 0 | Required |
Enter nonnegative cost, rate and maximum. Read the uncapped estimate and capped credit.
raw=eligibleCost×creditRate/100; credit=min(raw,maximum) Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| uncappedCredit | Uncapped credit (currency) | number; minimum: 0 |
| creditAmount | Credit amount (currency) | number; minimum: 0 |
{
"input": {
"eligibleProjectCost": 30000,
"creditRatePercent": 30,
"creditCap": 7500
},
"output": {
"uncappedCredit": 9000,
"creditAmount": 7500
}
}Limitations and assumptions
Technology, placed-in-service date, bonus criteria, phaseouts and entitlement must be established independently.
Numeric inputs must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use Home-Improvement Credit Cap: Apply caller-supplied category and annual caps to home-improvement costs. For a complementary task, use New-Markets Credit Schedule: Generate the seven-year 5/5/5/6/6/6/6 percent credit schedule for a supplied investment.
References
-
Clean-Energy Credit — tool.io
Similar or alternative tools
- Home-Improvement Credit Cap
Apply caller-supplied category and annual caps to home-improvement costs.
- New-Markets Credit Schedule
Generate the seven-year 5/5/5/6/6/6/6 percent credit schedule for a supplied investment.