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"Green Energy Tax Breaks" icon

Green Energy Tax Breaks

The renewable energy tax credit is a law, extended by the federal government in December 2015 that allows a taxpayer claim a credit of 30 percent of qualified expenditures for a solar system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer.

Expenditures with respect to the equipment are treated as made when the installation is completed. Check out this infographic provided by Accounting Made Easy.

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