Energy independence is a major American policy goal, and the Internal Revenue Code has not been neglected in that push. There are tax credits for manufacturing “greentech” equipment and for purchases of energy-efficient appliances. Tax credits are available for business and homeowner purchases of properties that generate renewable energy, and can be claimed for each kilowatt-hour of electricity from renewable energy sources.
Business tax credits for purchases of solar panels and other solar energy property are of growing interest to commercial rental property owners. In lieu of the credit, property owners for a limited time can claim a grant equal to the amount of the credit, with fewer restrictions.
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