The Federal government has just recently increased the investment tax credit from 26 to 30 percent. The credit has also been extended ten years to stimulate massive investment in renewable energy projects.
Historically the guaranteed return on investment has exceeded 15%.
The renewable energy Investment Tax Credit is now 30%.
You may choose to deduct the cost of the renewable energy investment (minus one half of the ITC) during the first year or spread the deduction over five years.
Many elect to start with the minimum $5,000 investment to own a fractional interest in a renewable energy project. There is no definite maximum however we are limited somewhat by real estate and material supplies. The average investment is currently roughly $50,000.
Expert Solar Farms Business Development Managers are an excellent source of information. You should also review your current income, your tax obligations and conduct searches for information online. We have posted additional resources below to help you make an informed, brilliant investment.
Yes. The Inflation Reduction Act added new provisions that allow the transfer of incentive tax credits beginning in 2023.
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