WHAT ARE THE FEDERAL TAX INCENTIVES?
30% CREDIT or 10% – 30% PAYMENT IN LIEU of TAX CREDITS – The American Recovery and Reinvestment Tax Act of 2009 section 1603, the United States Dept of Treasury makes payments to eligible persons who place in service specified energy property and apply for such payments. By receiving payments for property under section 1603, applicants are electing to forego tax credits under sections 48 and 48 of the IRC with respect to such property for the taxable year in which the payment is made or any subsequent taxable year.
