Recent IRS Rulings Result in Favorable Outcomes for Energy Conservation Taxpayers

Posted on 01.10.11

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As taxpayers move to renewable energy technologies, the income tax consequences are important considerations.  For business taxpayer’s, qualifying tax credits may substantially reduce the cost on taxpayers’ investments.  In other circumstances, utilities or governmental units may offer incentives to install systems at no cost to the taxpayers.  In recent private letter rulings, the IRS addressed these matters, and ruled in favor of taxpayers in the area of energy conservation.