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The federal alternative energy tax credit, allowing you up to a $2,000 tax credit to help cover the cost of going green, will expire at the ... If you're thinking about installing wind or solar ...
The Business Energy Investment Tax Credit (ITC) is a U.S. federal corporate tax credit that is applicable to commercial, industrial, utility, and agricultural sectors. . Eligible technologies for the ITC are solar water heat, solar space heat, solar thermal electric, solar thermal process heat, photovoltaics, wind, biomass, geothermal electric, fuel cells, geothermal heat pumps, CHP ...
RECs should not be confused with the tax credits that renewable energy projects are eligible to receive. In the United States, as part of the 2009 economic stimulus package, renewable Energy Rebate Programs are in place. Currently, solar is eligible for a 30% federal tax credit.
Energy Improvement and Extension Act of 2008; Promoted biofuels; Created tax incentives for electric vehicles; Extended and modified renewable energy tax incentives and defined electricity as a clean fuel; 2009 American Recovery and Reinvestment Act of 2009: Provided funding for an electric smart grid; Created and modified renewable energy tax cuts
Federal tax Grant of 30%, which expires December 31, 2011, or a Federal tax credit of 30%, which expires December 31, 2016 are available for residential systems and businesses. Details of this and state incentives are summarized at DSIRE.
The federal solar tax credit: This federal tax incentive allows Georgia residents to reduce the cost of their energy system by 26%. However, it only applies to those who buy their PV system outright.
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