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IRS Tax Relief

 

Investment Tax Relief for Solar Energy Property

Commercial entities that invest in solar energy property (such as solar PV or solar water heating) are eligible for a federal tax credit up to 10% of the investment or purchase and installation amount. In addition, the federal government offers a 5-year accelerated depreciation for all solar energy equipment.

SEIA Overviews - National Solar Energy Industries Association (SEIA) provides information on their website, which discusses how these two incentives can be filed specifically for solar energy investments:

IRS Forms & Publications:

    Instructions for Form 3468 - Detailed instructions for applying for the Investment Tax Credit provided by the IRS; look for Energy Property; the Investment Tax Credit Form 3468 can be download from this site.
    Publicaton 946: What Costs Cannot Be Deducted - Detailed section from the IRS Publication 946: How to Depreciate Property, specifically, under Chapter 2 - Section 179 Deduction. Look for Energy Property at the bottom of the web page.
    Instructions for Form 4562 - Detailed instructions for filling out and filing for Depreciation and Amortization; provided by the IRS; the Depreciation and Amortization Form 4562 can be download from this site.
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