How would solar federal tax credits benefit the ... - Finance Assistant

September 9th, 2011

A business that puts in a solar energy system is entitled to a 30% federal investment tax credit. I am not sure if or how this could benefit owners of an S Corp.

I am also wondering the same about C corps and LLC?s?

I was told that solar tax credits would have no benefit for S corps and the like because they typically do not pay any corp income tax. I am not sure if this is true.

Thanks for any help with this.

Categories: Taxes

Tags: benefit, corp, Credits, Federal, Owner, Solar, would

Source: http://www.finance-assistant.info/taxes/how-would-solar-federal-tax-credits-benefit-the-owner-of-a-s-corp.html

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