Federal Tax Credit for Biomass
This article is reprinted from the IRS and the original is available at IRS.com
"FS-2009-10, April 2009
(Clarified statutory language in Section 1142, 5/13/09)
The American Recovery and Reinvestment Act of 2009 (ARRA) provides energy incentives for both individuals and businesses.
Here are some of the key energy provisions in ARRA that may impact taxpayers:
Extension of Renewable Energy Production Tax Credit (Section 1101): The new law generally extends the “eligibility dates” of a tax credit for facilities producing electricity from wind, closed-loop biomass, open-loop biomass, geothermal energy, municipal solid waste, qualified hydropower and marine and hydrokinetic renewable energy. The new law extends the "placed in service date" for wind facilities to Dec. 31, 2012. For the other facilities, the placed-in-service date was extended from December 31, 2010 (December 31, 2011 in the case of marine and hydrokinetic renewable energy facilities) to Dec. 31, 2013."
Here is a link to instructions on how to get the credit http://www.mhsc.com/tax_credit/IRS_USBiomassTaxCreditGuidance.pdf