Did You Know?

Impact of the American Recovery and Re-investment Act (2009 Stimulus Package)

Background

On February 17, 2009 President Obama signed the American Recovery and Re-investment Act of 2009 into law. With a significant emphasis on renewable energy technology deployment and job expansion, the bill improved upon the 2008 tax credit, by removing "cost caps." This change allows consumers and small businesses to take a 30% tax credit off the installed cost of a wind turbine, solar photovoltaic array or solar water heating system. This credit can be applied against taxes owed thru December 31 2016.)

Dept of Treasury’s Cash In Lieu of Credit Program

Congress has authorized and funded a program that provides cash in lieu of tax credits for solar or wind projects on commercial or income producing properties. For details see: (https://treas1603.nrel.gov/)

This program promises cash within 60 days of application. To receive funding, the project must be installed, with documentation of installation and cost required. These funds are not taxable as income!

The Bill makes both solar wind and even energy efficiency more affordable for Americans and American corporations that are looking to utilize sustainable energy within their homes and facilities.

To find out how you qualify contact Jim today!
(352) 361-7716