SEIA Guide to Federal Tax Incentives for Solar Energy - Solar Power ...

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TABLE OF CONTENTSSection 1. Commercial Solar Tax Credit in Detail1. Eligible Property1.1 Types of Eligible Property1.1 (a) Photovoltaics and Concentrating Solar Power Plants1.1 (b) Solar Thermal Systems1.1 (c) Solar Lighting1.1 (d) Passive Solar Systems1.2 Age of Eligible Property1.3 Use of Eligible Property1.4 OEM and Integrated Equipment111222232. Placed in Service2.1 General Requirements2.2 New Businesses2.3 Power Plants2.4 “Daily operation” as a condition for meeting the requirement34443. Tax Credit Basis3.1 Normally Deductible Expenses 54. Effect of Rebates, Buydowns, Grants and Other Incentives4.1 Incentives That Do Reduce the Tax Credit Basis4.2 Incentives That Do Not Reduce the Tax Credit Basis4.3 Subsidized Loans and Financing4.3 (a) Calculation Method4.3 (b) Tax–Exempt Financing4.3 (c) Subsidized Energy Financing4.3 (d) Subsidized Energy Financing and Depreciation4.4 At-Risk Limitations on Financing6699991010
5. Project Timing Issues5.1 Transition Issues for Projects Starting Before 2006 or EndingAfter 20075.1 (a) Self-Constructed Projects5.1 (b) Acquired Projects5.2 Progress Expenditures111112126. Project Ownership Considerations6.1 Sale-Leasebacks6.2 Allocation of Commercial Solar Tax Credits Among Partners6.3 Regulated Utilities6.4 Model Homes131414147. Applying the Credit to Taxes7.1 Alternative Minimum Taxes and Floor7.2 Carryback and Carryforward of Credits14158. Recapture of Credit Taken in Prior Years8.1 General Recapture Rules8.2 Recapture Rules for Nonrecourse Financed Projects8.3 Recapture Rules for Partnerships1516169. Impacts of Credits on Depreciation Calculations 1710. Claiming the Credit and IRS Forms 1711. Commercial Solar Tax Credit Examples 18
Page 3 and 4: VERSION GUIDEThe revenue code is a
Page 5: EXECUTIVE SUMMARYIn the Energy Poli
Page 9: Section 3. State Tax Considerations
Page 12 and 13: y looking at solar energy as a perc
Page 14 and 15: 2.2 New BusinessesThe “placed in
Page 16 and 17: 4.1 Incentives that Reduce the Inve
Page 18 and 19: Renewable Energy CreditSales or Req
Page 20 and 21: 1990. 11 For example if a commercia
Page 22 and 23: · "stick built" for a taxpayer by
Page 24 and 25: commercial solar tax credit. Howeve
Page 26 and 27: prevented the taxpayer from claimin
Page 28 and 29: 11. Commercial Solar Tax Credit Exa
Page 30 and 31: Section 2. Residential Credit in De
Page 32 and 33: property. Essentially, the governme
Page 34 and 35: 6. Project Timing Issues, Transitio
Page 36 and 37: Example 4 - Home-based BusinessTaxp
Page 39 and 40: Biography of the AuthorPractice Des

SEIA Guide to Federal Tax Incentives for Solar Energy - Solar Power ...

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