Section 179 Deduction
The American Recovery and Reinvestment Act of 2009 allows taxpayers to take the federal business energy investment tax credit (ITC) for eligible technologies.  Solar Thermal Process Heat technologies qualify for a 30% ITC as explained by the U.S. Department of Energy

There are other tax benefits available to investors. Many choose to include tax benefits into their overall solar business strategy.   Tax benefits from Solar Power Thermal Lens purchases may be considerable. Additional Information is available at one of our seminars.

Tax Benefits
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. A number of renewable energy technologies, including solar thermal technologies, are classified as five-year property  under the MACRS.  Additionally, the federal Economic Stimulus Act of 2008 included a 50% first-year bonus depreciation provision.

The U.S. government has made the advancement of renewable energy technologies and the production of renewable energy a national strategy priority.  To encourage the free market congress has written into law substantial tax incentives to promote the advancement of renewable energy.  These incentives may apply to your own Solar Power solar business.  Please consult a qualified tax advisor.

5 Year Depreciation with 50% Bonus 

Tax Information

Other Tax Benefits

Internal Revenue Code Section 179 allows a deduction of up to 100% of a purchase price of asset up to a maximum of $500,000 per year. 

30% Tax Investment Credit

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