One part of last year's Energy Policy Act is now a reality in the form of an exciting new IRS tax form, Form 8911. The "Alternative Fuel Vehicle Refueling Property Credit" offers the first federal income tax credit to organizations that install E85 fueling systems. The tax credit is good for a 30 percent federal income tax credit and can be worth up to $30,000 per property, according to Renewable Energy Access.
Inside Green Business (subscription only) reported in March that a draft version of Form 8911 made industry analysts worry that installation of E85 pumps would actually slow down because of the $30,000 limit. But that limit applied to taxpayers, not to each property. Two alternative energy groups advised their members to stop installing E85 pumps until the form could be revised. It seems that time has come.

[Source: Renewable Energy Access]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X