New Energy Bill Includes Stationary Fuel Cell Tax Credit.

 

The Energy Bill signed by the President includes a fuel cell tax credit up to $1,000 per kilowatt on the purchase of fuel cells used in residential or commercial applications.  The tax credit will be available in January 2006 and specifically includes telecommunications carriers among the eligible end users for the tax credit.  Additionally, the bill includes an authorization for $3.7 billion for hydrogen and fuel cell research and development, demonstration and market transition over the next 10 years.