Credit
Nonbusiness energy property provides a 30 percent credit for buying qualified energy efficiency improvements and provides credits in various amounts for costs relating to residential energy property expenses.26 U.S.C. ยง 25C(a)(2). Labor costs for onsite preparation, assembly, or original installation are included as eligible expenses.
Read more about this topic: Nonbusiness Energy Property Tax Credit
Famous quotes containing the word credit:
“Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs ‘pass,’ so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.”
—William James (1842–1910)
“Especially with our first child, we tend to take too much responsibility—both credit and blame—for everything. The more we want to be good parents, the more we tend to see ourselves as making or breaking our children.”
—Polly Berrien Berends (20th century)
“My credit now stands on such slippery ground
That one of two bad ways you must conceit me,
Either a coward or a flatterer.”
—William Shakespeare (1564–1616)