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:
“The solar system has no anxiety about its reputation, and the credit of truth and honesty is as safe; nor have I any fear that a skeptical bias can be given by leaning hard on the sides of fate, of practical power, or of trade, which the doctrine of Faith cannot down-weigh.”
—Ralph Waldo Emerson (1803–1882)
“The most threatened group in human societies as in animal societies is the unmated male: the unmated male is more likely to wind up in prison or in an asylum or dead than his mated counterpart. He is less likely to be promoted at work and he is considered a poor credit risk.”
—Germaine Greer (b. 1939)
““What are the characteristics of today’s world so that one may recognize it by them?” It pays pensions and borrows money: credit and monuments.”
—Franz Grillparzer (1791–1872)