Federal Tax Credits for Commercial Use

The Energy Policy Act of 2005 increased to 30% the Investment Tax Credit (26 USC Sec. 48) businesses (rentals and home offices if they qualify -- consult your own tax attorney or accountant) receive for solar projects placed into service between January 1, 2006 and December 31, 2007. This is a TAX CREDIT (not a deduction)-- it is a direct, dollar-for-dollar reduction from your taxes owed.

The national Solar Energy Industries Association has completed a (40 page) document entitled “The SEIA Guide to Federal Tax Incentives,” which was compiled with the help of SEIA members and SEIA’s tax attorneys, and contains a great deal of specific information and advice regarding the interpretation of the new federal law. The Guide can be downloaded from the SEIA website.

We would publish the document, but SEIA would like to gather information from the marketplace in order to help their (our) cause-- we appreciate your patience with this process.

Don't let your accountant see this info - he or she will sign you up right NOW!