Credit & Rebates FAQs > Solar Credits and Rebates FAQs > Can I take the 30% federal grant instead of the 30% tax credit?
The owner of new solar equipment put to commercial use and placed in service in 2009 or 2010 qualifies potentially for a 30% cash grant from the US Treasury. The owner would receive this grant in place of the commercial tax credit. The grant will be paid within 60 days after the equipment is placed in service or, if later, after the application is submitted and approved for the grant. Grants will also be paid on commercial solar systems on which the owner commences construction in 2009 or 2010, provided the system is placed in service by 2016.
Last updated on April 18, 2011 by Admin