A tax credit is available for the cost of hydrogen fueling equipment placed into service after December 31, 2005. The credit amount is up to 30% of the cost, not to exceed $30,000. Fueling station owners who install qualified equipment at multiple sites are allowed to use the credit towards each location. Consumers who purchase qualified residential fueling equipment may receive a tax credit of up to $1,000. Under current law, this credit expires December 31, 2014. Unused credits that qualify as general business tax credits, as defined by the Internal Revenue Service (IRS), may be carried backward one year and carried forward 20 years.
Fueling equipment for natural gas, liquefied petroleum gas (propane), electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel installed through December 31, 2011, is eligible for a tax credit of 30% of the cost, not to exceed $30,000. Consumers who purchased qualified residential fueling equipment prior to December 31, 2011, may receive a tax credit of up to $1,000. For more information, see IRS Form 8911, which is available via the IRS website. (Reference Public Law 111-312, Section 711; and 26 U.S. Code 30C and 38B)
Point of Contact
U.S. Internal Revenue Service
Phone: (800) 829-1040