Residential Renewable depends on the fuel economy, the native Motor Vehicles.
Energy Tax Credits weight of the vehicle, and whether the Plug-In Electric Vehicles
Consumers who install solar energy tax credit has been or is being phased Plug-in electric vehicles also qualify
systems (including solar water heating out. Hybrid vehicles that use less gaso- for a tax credit starting January 1,
and solar electric systems), small wind line than the average vehicle of similar 2010. The credit for passenger vehicles
systems, geothermal heat pumps, and weight and that meet an emissions and light trucks ranges from $2,500 to
residential fuel cell and microturbine standard qualify for the credit. $7,500, depending on battery capacity.
systems can receive a 30% tax credit This tax credit will be phased out The first 200,000 vehicles sold by each
for systems placed in service before for each manufacturer once that com- manufacturer are eligible for the full
December 31, 2016; the previous tax pany has sold 60,000 eligible vehicles. tax credit; the credit will then phase out
credit cap no longer applies. At that point, the tax credit for each over a year.
company’s vehicles will be gradually Plug-In Hybrid Conversion Kits
Automobile Tax Credits reduced over the course fifteen Hybrid vehicle owners who purchase a
Hybrid Gas-Electric and Alterna- months. See the IRS’s Summary of the qualified plug-in hybrid conversion kit
tive Fuel Vehicles Credit for Qualified Hybrid Vehicles are eligible for a 10% credit, capped at
Individuals and businesses who buy for information on the status of specif- $4,000, through 2011. HNM
or lease a new hybrid gas-electric car ic vehicle eligibility.
or truck are eligible for an income tax Alternative-fuel vehicles, diesel
credit for vehicles “placed in service” vehicles with advanced lean-burn tech-
* Sources:
ENERGYSTAR.gov and
IRS.gov
** The IRS will determine final tax credit amounts. As
which started January 1, 2006, and pur- nologies, and fuel-cell vehicles are also
more information becomes available, it will be posted
chased on or before December 31, eligible for tax credits. See the IRS
on our website.
2010. The amount of the credit summary of credits available for Alter- Source: U.S. Department of Energy
INFINITE POSSIBILITIES
What if your career was in your own hands?
Who else do you want driving your career? At International Paper, we’ll give you the opportunity to determine how far and how
fast you grow. We’ll also give you opportunities to build your skills, build your team and even build a family. After all it’s your
career. It’s time you took charge of it.
For more information, please visit:
www.internationalpaper.jobs.
EOE
www.internationalpaper.jobs
©2008 International Paper Company. All rights reserved.
WWW.HNMAGAZINE.COM Celebrating over 15 Years of Embracing Diversity 49
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