New tax law provides few incentives for solar

Journal Article · Mon Nov 30 23:00:00 EST 1981 · Sol. Age; (United States)

OSTI ID:5663873

Wallenstein, A R

The solar and renewable energy aspects of the Economic Recovery Tax Act of 1981 are reviewed. Overall, the new tax law provides few incentives for use of solar energy. No incentives for the use of solar, wind, energy conservation, or other renewable energy systems used in homes, apartments, or for non-business purposes is reported. Depreciation of equipment (including solar) is discussed in terms of the new depreciation schedule (3, 5, 10, and 15 years). Most solar equipment is a structural feature of the building and is depreciated at the 15 year schedule. Lease financing rules in the new tax laws are discussed, particularly as they apply to solar and energy conservation equipment. The new building rehabilitation credits program is discussed. This provides tax benefits for retrofits of buildings 30 years old or older. Tax credits for research and development and at risk investment tax credits are reviewed. A number of benefits in the new tax laws for small businesses (including solar and renewable energy sources) are discussed. (MJJ)

• OSTI ID: 5663873
• Journal Information: Sol. Age; (United States), Journal Name: Sol. Age; (United States) Vol. 6:12; ISSN SOAGD
• Country of Publication: United States
• Language: English

Related Subjects

14 SOLAR ENERGY
140300 -- Solar Energy-- Economic
Industrial
& Business Aspects
140400* -- Solar Energy-- Environmental Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
299001 -- Energy Planning & Policy-- Solar-- (1989-)
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320100 -- Energy Conservation
Consumption
& Utilization-- Buildings
BUSINESS
DEPRECIATION
ENERGY
ENERGY CONSERVATION
ENERGY SOURCES
EQUIPMENT
FINANCIAL INCENTIVES
INDUSTRY
LAWS
LEASES
NATIONAL GOVERNMENT
RENEWABLE ENERGY SOURCES
RETROFITTING
SMALL BUSINESSES
SOLAR ENERGY
SOLAR EQUIPMENT
SOLAR INDUSTRY
TAX CREDITS
TAX LAWS