Sentences with phrase «electric property expenditure»
It states that: «The term «qualified solar electric property expenditure» means an expenditure for property which uses solar energy to generate electricity for use in a dwelling unit located in the United States and used as a residence by the taxpayer.»
https://www.solar-estimate.org/
The IRS published a Private Letter Ruling last Friday, responding to a request to determine whether, the cost of installing energy storage to be integrated into a residential PV system would qualify as a «qualified solar electric property expenditure» eligible for the Investment Tax Credit (ITC).