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Energy Credit (Section 48)

A federal tax credit that helps reduce the upfront cost of investing in certain renewable energy equipment, such as solar panels for power generation.

Clean Electricity Production Credit (Section 45Y)

A federal tax credit that provides financial incentives for producing electricity from certain clean energy sources, rewarding the amount of clean power generated.

Prime Farmland

Land identified by the U.S. Department of Agriculture as having the best combination of physical and chemical characteristics for producing food, feed, forage, fiber, and oilseed crops.

Unique Farmland

Land, other than prime farmland, that is used for specific high-value food and fiber crops, such as fruits, vegetables, and berries, and which has the special combination of soil quality, location, growing season, and moisture supply needed to produce sustained high yields.

Internal Revenue Code of 1986

The primary set of laws in the United States that govern federal taxation, including income taxes, corporate taxes, and tax credits.

Property placed in service

The date when an asset, such as a solar power facility, is ready and available for its intended use, even if it is not yet actively used.