Business Energy Investment Tax Credit (ITC) – Allows businesses to take a credit of 30% on the total cost, before any state or utility incentives are deducted. This credit is deducted directly from a company’s tax bill. A grant is also available in lieu of this credit, see our Treasury Department Grants page.
The New Federal Investment Tax Credit
Business Energy Investment Tax Credit (ITC) – Allows businesses to take a credit of 30% on the total cost, before any state or utility incentives are deducted. This credit is deducted directly from a company’s tax bill. A grant is also available in lieu of this credit, see our Treasury Department Grants page.
FAQs about the ITC
http://www.seia.org/galleries/pdf/ITC_Frequently_Asked_Questions_10_9_08.pdf