Sponsored for you by: David E. Gardner, CPA
Business Solar Investment Tax Credit
Business Solar Investment Tax Credit - This is a credit for a portion of the cost of equipment purchased by a business taxpayer to allow solar or geothermal alternative energy to be used by the business. The Energy Act increases the credit percentage to 30% for:
1. Qualified fuel cell property;
2. Equipment which uses solar energy to:
a. Generate electricity;
b. Heat or cool (or provide hot water for use in) a structure;
The credit percentage for other qualifying expenses remains 10%. The change is effective for tax years ending after December 31, 2005.
Return to Energy Tax Credit Information