Tax Benefits
• As of January 1, 2006, an investment tax credit for utilizing solar went into effect. IRS form 3468 line 2b allows for a 30% tax credit for investing in solar. The solar panel and the batteries are all part of a solar system on the vehicle.
Click here for more information from IRS
Also some states will allow additional tax credits and sales tax exemptions such as California, Arizona, and Florida.
Please check with you local state
• Federal tax credit of 30% for utilizing solar is in effect. Visit www.dsireusa.org for constant updates on State and Federal Incentives.
Check with your tax advisor for more information about which tax credits will apply for your business!