Oklahoma Refundable Credit for Electricity Generated by Zero-Emission Facilities

Refundable Credit for Electricity Generated by Zero-Emission Facilities
2025 Form 578 Refundable Credit for Electricity Generated by Zero-Emission Facilities
Refundable Credit for Electricity
Generated by Zero-Emission Facilities
Name as Shown on Return:

FORM

State of Oklahoma

578

2
0
2
5

Federal Employer Identification Number or Social Security Number:

General Information
A credit is allowed based on the amount of electricity generated by a qualified zero-emission facility, which uses wind
as its fuel source, placed in service before July 1, 2017. The credit is available for 10 years after the qualified zeroemission facility is placed in service. Any credit earned, but not used, is refundable in an amount equal to 85% of the
amount of the credit.
If the taxpayer is a pass-through entity (PTE) and does not file a claim for a direct refund, the PTE may allocate the
credit to one or more of its shareholders, partners, or members. The total amount of credits refunded or allocated
may not exceed the amount of the credit or refund to which the PTE is entitled.
Form 578 is to be completed by the taxpayer claiming the credit on their income tax return. Do not complete this form
if the election was made to not receive a direct refund and instead carry the unused credit over for a period not to
exceed 10 years. Any credit remaining in the tenth year will be refunded at 85%.
SELECT ONE:
1. You are the entity who originally generated the credit.
-OR2. You are the person/entity to whom the credit was allocated.
If you selected Number 2, enter the name and FEIN of the PTE that allocated the credit to you.

Name: _____________________________________________________ 	FEIN: ___________________________

Credit Computation
1.	 Enter your total Credit for Electricity Generated by Zero-Emission Facilities
	
based on electricity generated during the tax year. ....................................................... __________________________
2.	 Enter the Credit for Electricity Generated by Zero-Emission Facilities
	
you claimed on Form 511-CR, Column B, line 9.............................................................. __________________________
3.	 Subtract line 2 from line 1. This is the face amount of the credit eligible
	
for a partial refund............................................................................................................ __________________________
4.	Rate................................................................................................................................. 	85%
5.	 Total Refundable Credit - Multiply line 3 by line 4. Round to the nearest
	
whole dollar. (Enter here and on the Refundable Credits line of the
	
income tax return.)........................................................................................................... _______________________. 00

2025 Form 578
Page 2

Refundable Credit for Electricity Generated
by Zero-Emission Facilities Instructions
68 Oklahoma Statutes Section 2357.32A
Instructions

Line 1 	

•	 If you are the entity which generated the credit, enter the total credit for electricity generated during the tax year.

	

•	 If the credit was allocated to you as a shareholder, partner, or member, enter your allocated share of the total credit for
electricity generated during the tax year.

Line 2 - Enter the amount included on line 1 that is being claimed on Form 511-CR, Column B, line 9 as a nonrefundable credit.
Line 3 - Subtract line 2 from line 1 to determine the face amount of the credit eligible for the 85% refund.
Line 5 - Multiply line 3 by line 4 to determine the amount to be refunded. Round to the nearest whole dollar; do not enter cents.
Enter here and on the Refundable Credits line of your income tax return.