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Yes, for qualifying equipment. The federal government offers a 5-year (as opposed to 20-yr) accelerated depreciation schedule for solar equipment. Eligible technologies are photovoltaic and solar thermal systems. In addition, a federal tax credit up to 30% can be taken on investment or purchase and installation for photovoltaic and thermal solar systems. The Energy Policy Act of 2005 includes new tax incentives for businesses for alternative fuel vehicles, production of biodiesel and ethanol, alternative fuel refueling property, fuel cells, microturbines, energy efficient commercial buildings, new manufactured homes, new homes, and the manufacture of efficient dishwashers, clothes washers, and refrigerators. See our page about the Energy Policy Act of 2005 for more specifics.
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