Energy Policy Act of 2005
Public Law 109-58-Aug. 8, 2005
The Energy Policy Act of 2005 provides for a 30 percent tax credit for the purchase price of installing qualified fuel cell power plants for businesses in the United States, a 10 percent credit for qualifying stationary microturbine power plans and a 30 percent credit for qualifying solar energy equipment. This applies to fuel cell plants installed through Dec. 31, 2008.
ITC guidelines for businesses are described in Section 1336 and are summarized here:
- $1,000 per kilowatt or 30 percent of the purchase price, whichever is less
- Minimum capacity of 5 kilowatts
- Electricity-only efficiency of more than 30 percent
You can view or download a copy of the entire law by clicking the icon below:
The tax credit for qualified fuel cell power plant installations was extended through December 2008 in Section 207 of Public Law 109-432, the Tax Relief and Health Care Act of 2006.
Additional information is available at
- Internal Revenue Service | U.S. Department of Treasury
- U.S. Department of Energy | Office of Fossil Energy