meganderson1
Nigglet
Joined: 16 May 2011
Posts: 5
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 Posted: Mon May 16, 2011 3:58 pm Post subject: Tax Credit |
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This investment tax credit is equal to 30% of the cost of development, with no maximum credit limit. Eligible solar energy property includes equipment that uses solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat. The ITC is generated at the time the qualifying facility is placed in service. Benefits are derived from the ITC, accelerated depreciation, and cash flow over a 6-8 year period.
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