Tax Credits, Grants & Rebates
Tax Credit:
30% of the cost of equipment that uses solar energy to generate electricity is a tax credit; below is the paragraph taken from the Instructions for IRS Form 3468:
Section: Line 5b and Line 11b - Enter the basis of any property using solar energy placed in service during the tax year. There are two types of property. 1. Equipment that uses solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight. 2. Equipment that uses solar energy to: a. Generate electricity, b. Heat or cool (or provide hot water for use in) a structure, or c. Provide solar process heat (but not to heat a swimming pool.) Most Individuals and for profit businesses can use this tax credit (contact your accountant to verify that you can use tax credits.)
IRS Form 3468
IRS Instructions for Form 3468
More information about Federal Grants, State & Utility rebates and accelerated depreciation here
Tax Credit:
30% of the cost of equipment that uses solar energy to generate electricity is a tax credit; below is the paragraph taken from the Instructions for IRS Form 3468:
Section: Line 5b and Line 11b - Enter the basis of any property using solar energy placed in service during the tax year. There are two types of property. 1. Equipment that uses solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight. 2. Equipment that uses solar energy to: a. Generate electricity, b. Heat or cool (or provide hot water for use in) a structure, or c. Provide solar process heat (but not to heat a swimming pool.) Most Individuals and for profit businesses can use this tax credit (contact your accountant to verify that you can use tax credits.)
IRS Form 3468
IRS Instructions for Form 3468
More information about Federal Grants, State & Utility rebates and accelerated depreciation here