Fuel Cell Tax Credit Extended
President Bush approved a bill that will extend federal tax credits for renewable energy and energy efficiency projects. The wide-ranging Tax Relief and Health Care Act of 2006 provides a one-year tax credit extension for new properties that produce geothermal power or make use of solar energy; for homeowners that purchase solar water heating, solar photovoltaic, or fuel cell systems; for businesses that purchase fiber-optic lighting systems, solar energy systems, or fuel cell power plants; for new energy efficient homes; and for energy efficiency improvements to commercial buildings. The credit allows businesses and property owners to deduct $1000 per kilowatt, or up to 30% of the cost of the fuel cell system.
Click here to see more about fuel cell tax credit directly from the white house. |
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