Green Tax Guide: Add a Fuel Cell to Your Home and Save Taxes
Did you add a fuel cell to your home to improve your energy efficiency by at least 30%? If so, you may be eligible for 30% of the cost up to a total of $1,000 per KW of power that can be produced. In order to qualify the fuel cell must have the capacity to generate at least 0.5KW.Qualified fuel cells must be part of an integrated system comprised of a fuel stack assembly and associated balance of plant components that convert a fuel into electricity using electrochemical process and an electricity-only generation efficiency of greater than 30%. You can't include the costs allocable to a swimming pool, hot tub or any other energy storage medium.
Want to save money next year?
Check out the Green Daily Guide to Home Energy Efficiency. Get money-saving tips, tricks, and how-to videos for every homeowner. Not only will you save on your utility bill, next year you may be able to write it off your taxes too if legislation now pending in Congress passes to extend the tax credits to 2008!
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