Federal Tax Credit

The Investment Tax Credit (ITC) for fuel cell technology provides business property owners with a credit of 30% of the cost of the fuel cell units or up to $3,000 per kW, whichever is lower. The credit expires on December 31, 2016.

The ITC entitles the taxpayer to subtract the amount of the credit (dollar-for-dollar) from total federal tax liability. A tax credit is different from a tax deduction – which subtracts money from gross income before tax liability is calculated.

Allowance of credit is permissible against the Alternative Minimum Tax (AMT). This allows persons subject to AMT to take the credit against that portion of their tax liability.

To learn more about qualifying for the federal tax credit, contact Plug Power at

With the support from federal and state funding agencies, including the Department of Energy (DOE), Defense Logistics Agency (DLA), New York State Energy Research and Development Authority (NYSERDA) and the Ohio Department of Development (ODOD), Plug Power is able to continue critical research and development work while engaging in large-scale commercial deployments and market transformation activities.