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Renewable Energy for LIFE.

Saturday, March 15, 2014

The Clean Renewable Free Energy Unit is Eligible for Credits and Rebates

The Clean-Renewable-Free Energy Units are stand-alone systems, which can be used as Charging stations for plug-in electric or hybrid electric vehicles.

The following information is not tax advice; consult your tax attorney or the IRS website.

As you prepare your federal income tax return, either this year or as you plan for next year’s tax filing, remember the Internal Revenue Service (IRS) Credits and Rebates, which are available to people who purchase renewable energy and energy efficient products; e.g. household solar systems and Charging or Refueling Stations for Energy-Efficient Vehicles.

According to the IRS, you may be eligible for the credit for charging or refueling stations for energy-efficient vehicles if you install an alternative fuel vehicle station at your home or business.   For more detailed information, visit the IRS Web site at www.irs.gov and search for the instructions for Form 8911, Alternative Fuel Vehicle Refueling Property Credit.

Based on the Form 8911, the criterion to qualify for the credit for charging or refueling stations for energy-efficient vehicles are as follows:

·       Charging stations for plug-in electric or hybrid electric vehicles qualify for this credit.

·       You can claim this credit if you installed a charging or refueling station at your home.

·       You can claim this credit if you installed a charging or refueling station at your business location.

Consequently, the following conditions must be met to qualify for this credit:

 - You started using the station in 2013.
 - You are the original owner of the station.
 - The station is used primarily in the United States.
 - The station is installed in your main home or business location.

Visit RISER PRODUCTS to explore the five options to obtain a Clean-Renewable-Free Energy Unit.


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