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:
“There is nothing less to our credit than our neglect of the foreigner and his children, unless it be the arrogance most of us betray when we set out to “americanize” him.”
—Charles Horton Cooley (1864–1929)
“If you love those who love you, what credit is that to you? For even sinners love those who love them.”
—Bible: New Testament, Luke 6:32.
“Laws remain in credit not because they are just, but because they are laws. That is the mystic foundation of their authority; they have no other.”
—Michel de Montaigne (1533–1592)