Fuel Cell Tax Credit ApprovedTuesday, October 28, 2008
The fuel cell Investment Tax Credit (ITC) extension was finally approved, signed into law as part of the bailout plan on October 3rd, 2008. This is great news for businesses and private citizens alike who are interested in purchasing fuel cells. If you aren’t familiar with the fuel cell ITC, click here to read a fact sheet put together by the US Fuel Cell Council, or scroll down for a quick cheat sheet!
Fuel Cell Investment Tax Credit:
- Credit of 30% of the cost up to: $3,000/ kw (business owners) and $1,000/kw (private owners)
- Minimum .5 kw capacity
- Valid until December 31, 2016
- Forklifts and industrial equipment apply
This information is for general use only, please talk to a qualified tax attorney for additional information.