Paying for fuel to power our cars is never fun, especially when the price skyrockets quickly and comes back down oh so slowly. As we scan the different stations looking at the prices, taking in a momentary gasp, and then finally picking a station and filling up, we rarely think about the taxes that we pay on the fuel that are incorporated into the price at the pump.
Home & business energy tax credits still attractive for renewables, efficiency and electric vehicles
It may be too late to take advantage of green tax benefits for 2010, depending on when you file and what you did last year, but now is the right time to start thinking about energy-saving measures in 2011 that can result in federal tax savings. When President Obama extended the
The Department of Energy, under its Smart Grid Investment Matching Grant Program, provides reimbursement of 20 percent of qualifying smart grid investments.
Qualifying costs include, but are not limited to, certain manufacturing related costs, software that enables computers or other devices to engage in smart grid functions, and metering devices, sensors, and control devices that are capable of engaging in smart grid functions.
Recently, questions have been raised as to whether the DOE grant under this program is subject to federal income tax.
The IRS, in Revenue Procedure 2010-20, concluded that the DOE grant is not subject to federal income tax.
Since 2007, the French photovoltaic market has been booming, with close to 500 megawatts of installed capacity expected this year, up from a mere 40 megawatts three years ago.
Most of this growth first stemmed from residential installations that benefited from high feed-in-tariffs for producers and substantial tax rebates for households. Since last year larger installations have also been skyrocketing.
On September 14, the French government released a draft regulation detailing the upcoming changes regarding photovoltaic electricity feed-in-tariffs in France. This draft is pending approval from the Conseil Supérieur de l’Energie (Energy Supreme Council) until late September.