Sponsored for you by: David E. Gardner, CPA
Personal Residential Efficient Energy Credit
1) Individual taxpayers will receive a credit of 30% of the cost of eligible solar equipment. Qualifying solar equipment categories include:
a. Solar water heating property
b. Photovoltaic property(generate electricity from sunlight)
c. Qualified fuel cell property
2) The maximum credit is $2,000 per tax year for each category of solar equipment. However, the credit is nonrefundable and is not allowable against AMT.
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