Business Energy Investment Credit

Business Energy Investment Credit

Business Energy Investment Credit means:
a credit or other debt instrument of 10% of the cost of energy property placed in service during the tax year. Energy property is equipment that uses solar energy or geothermal deposits to generate electricity or uses solar energy to provide heating or cooling. The equipment must also meet certain standards described in the Treasury Regulations. The taxpayer claiming the business energy investment credit must have constructed the property or must be the first to use it. Former IRC (check if this IRC provision is current here) §§46 and 48.


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