IRS Provides Guidance for Residential PV

March 2011
Solar Today;Mar2011, Vol. 25 Issue 2, p14
Academic Journal
The article focuses on the private letter ruling PLR 201035003 of the U.S. Internal Revenue Service (IRS). It informs that the ruling reflects on the IRS in calculating the federal income tax credit as per Section 25D of the Internal Revenue Code. It tells that under Section 25D, a person who buys a solar system, is eligible for a federal income tax credit equal to 30 percent of the cost of that system. It also tells that the IRS will issue general guidance applicable to all federal taxpayers.


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