Tax Credits

 

The global trend toward promoting growth within the field of renewable energy, solar power in particular, is that government sponsored tax credits and/or rebates are becoming more common in individual countries or regions.

 

Please consult your local SolarDrive Distributor for the latest updated information on tax credits and rebates

If you are a US resident you may find this link helpful: http://www.dsireusa.org/

DSIRE is a comprehensive source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency. Established in 1995, DSIRE is an ongoing project of the NC Solar Center and the Interstate Renewable Energy Council funded by the U.S. Department of Energy.

        
6883 
Get your solar golf car with an appreciable tax rebate

Tax Credit example from USA:

Tax paying businesses may qualify for a federal tax credit for acquiring qualified energy property. Below is an example of the breakdown for that credit (please note prices are random examples):
Solar Panel(s) = $2,600.00
Batteries = $1,000.00
Total = $3,600.00
 
Total to report for IRS Form 3468:  $3,600.00 x 30% = $1,080.00.

*The incentive tax credit is 30 % of the purchase price. Total savings may be higher depending on additional allowances provided by each state. Check with your particular state for these allowances.
 

Helpful Link

Use the following link for general instructions and the 3468 form:

http://www.irs.gov/pub/irs-pdf/f3468.pdf


Disclaimer: 
SolarDrive and SolarDrive Distribution ApS are not professional tax or legal advisors. As such any information provided on any page of this website regarding possible energy tax incentives (credits, grants, rebates) is not to be construed as a guarantee of any kind of the applicability or eligibility for Federal and/or State tax incentives (credits, grants, rebates) for your particular project. Nothing contained herein is to be considered or to be relied upon as professional tax or legal advice. Please consult with your professional tax or legal advisor for the applicability and eligibility for Federal and State energy tax incentives for your situation.


 

 

 

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