What is AEDI?
The Alternative Energy Development Incentive (AEDI) is a fixed post-performance credit of 75 percent of all newly generated state revenues for 20 years. Eligible projects include the construction of electricity generation facilities of 2 megawatts or greater that utilize:
- and waste-heat
It also includes energy derived from the following non-renewable energy sources:
- nuclear fuel
- oil-impregnated diatomaceous earth
- oil sands
- oil shale
- or petroleum coke
To qualify for AEDI, the project must generate new state revenue and new incremental jobs, and it must involve significant capital investment, or the creation of high paying jobs. To be considered, please submit the AEDI application to Alicia Ryans:
Starting August 15, 2018 in accordance with Utah Code 63M-4-401, the Governor’s Office of Energy Development will begin charging a $150 fee per application submitted. Fees must be paid by credit card.
You will not be able to receive your TC-40E tax form until the fee has been paid. Paying the fee does not guarantee that you will be approved for the tax credit.