Energy bill tax credits [RE-wrenches]

[Kirk Herander, VSE]

Group,

Here is a summary of the energy bill credits as displayed on www.seia.org:

Title XIII - S.1301 This residential tax credit would be available Jan. 1
2004 - Dec. 31, 2006 (SWH) and to Dec. 31, 2008 (PV.) The credit is for 15%
of project costs for residential and commercial installations of both
photovoltaics and solar water heating, with a $2000 cap for each. This is
the first Federal residential solar credit since the mid-1980s, and could be
a significant spur for the residential market in both technologies when
combined with existing incentives available in the states.

Title XIII - S.1302 The per - kWh production tax credit would be expanded to
solar technologies that produce electricity; this is a helpful precedent.
The credit is available for solar facilities sited before the end of 2006
and provides 1.8 cents kWh for five years' worth of production. It appears
that the credit cannot be used for projects claiming the existing 10 percent
investment tax credit.

Title XIII - S.1346-1348 It seems as though both the new PTC and the RTC can
now be claimed against the alternative minimum tax.

The 10% Investment Tax Credit for solar will remain permanent.

Kirk


Vermont Solar Engineering
a Xantrex / Trace Certified Dealer Charter Member
Kirk Herander
PO Box 697
Burlington, VT. 05402
www.vermontsolar.com
www.backeastsolar.com
800.286.1252 - 802.863.1202
fax 802.863.7908

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