The federal government currently offers a tax credit for the purchase of a material handling fuel cell system calculated at $3,000 per kW, up to 30% of the cost of the fuel cell. Fuel cells installed and commissioned in 2010, and otherwise eligible for the fuel cell tax credit, may also apply for the grant-in-lieu of credit program which offers this incentive as a rebate instead of a tax credit.
Plug Power and our industry partners are currently working with the United States Congress and Senate to enhance the fuel cell tax credit available for material handling applications. Plug Power also supports ongoing industry initiatives to extend the hydrogen infrastructure tax credit to material handling hydrogen infrastructure applications as well.