On T-REX the PTC, (Production Tax Credit) can be defined per project. The user can define the PTC under the CapEx & Tax tab within the Project Editor. The Production Tax Credit is a Federal Incentive that provides a Tax Credit of $ amount per kilowatt-hour for 10 years after the date the utility-scale facility is placed in service.
Example: Wind Tax Credit amount: $0.015/kWh and Geothermal Tax Credit amount $0.025$/kWh.
PTC $/kWh
Allows users to create a vector of $ amount, of the credit being given to a kilowatt per hour production. The vector allows change in the amount over time.
The Result Report
Under Tax Analysis PTC is the multiply of energy by the PTC $/kwh. After-Tax Net Cash Flow is taking into account the Tax Credit refund every month.
PTC Lag (Months)
Allows users to define the lag of the PTC credit in months.
PTC Variable at Dynamic Expression
Important to Note: A portfolio of projects may have some of its projects set to ITC and others set to PTC. The reports will display aggregated PTC for the designated projects and aggregated ITC for the rest.