Are there any federal tax advantages to going green?



  1. 0 Votes

    You bet! If you invest in renewable energy like photovoltaics, solar thermal, wind, or geothermal you can receive a 30% investment tax credit (ITC).

    Corporations can take advantage of the 30% ITC or they can receive a 30% cash rebate. Plus companies get to use the Modified Accelerated Cost-Recovery System (MACRS) and a 50% bonus depreciation.

    Of course, all of these are available to tax paying entities (non-profits, for example, do not qualify).

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