Archive for November, 2017

30% Tax Credit – Is it coming back?

In December 2015 congress passed a spending bill that extended tax credits for big wind and solar energy but left geothermal out. That was the end of the 30% Federal Tax Credit for geothermal. The new tax bill just released by the House of Representatives includes language that would extend the residential and commercial tax credits until January 1, 2022. The residential income tax credit would be retroactive back to January 1, 2017 at 30% and continue at that level until 2020 when it would ...

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