Instructions For Form 3468 - 2009 (Page 6 of 7) in pdf

For a definition of qualified fuel cell property, see Line 11c

Basis is attributable to periods after October 3, 2008, and

above.

before January 1, 2009, if the property was acquired after

October 3, 2008, and before January 1, 2009, or to the extent of

Basis is attributable to periods after October 3, 2008, if the

basis attributable to construction, reconstruction, or erection by

property was acquired after October 3, 2008, or to the extent of

the taxpayer after October 3, 2008, and before January 1, 2009.

basis attributable to construction, reconstruction, or erection by

the taxpayer after October 3, 2008.

Line 11p

Line 11g

Enter the smaller of the basis you entered on line 11o or

$4,000.

Enter the applicable number of kilowatts of capacity attributable

to the basis on line 11f.

Line 11q

Transitional Rule. For transitional rules, see Line 11d.

Enter the basis, attributable to periods after December 31,

2008, of any qualified small wind energy property placed in

Line 11i

service during the tax year. For the definition of qualified small

Enter the basis, attributable to periods after December 31,

wind energy property, see the instruction to line 11o, above.

2005, of any qualified microturbine property placed in service

Basis is attributable to periods after December 31, 2008, if

during the tax year. Qualified microturbine property is a

the property was acquired after December 31, 2008, or to the

stationary microturbine power plant which generates less than

extent of basis attributable to construction, reconstruction, or

2,000 kilowatts and has an electricity-only generation efficiency

erection by the taxpayer after December 31, 2008.

of not less than 26 percent at International Standard

Organization conditions. See section 48(c)(2) for further details.

Line 11r

Basis is attributable to periods after December 31, 2005, if

Enter the basis, attributable to periods after October 3, 2008, of

the property was acquired after December 31, 2005, or to the

any geothermal heat pump system placed in service during the

extent of basis attributable to construction, reconstruction, or

tax year. Geothermal heat pump systems constitute equipment

erection by the taxpayer after December 31, 2005.

which uses the ground or ground water as a thermal energy

source to heat a structure or as a thermal energy sink to cool a

Line 11l

structure. For details, see section 48(a)(3)(A)(vii).

Enter the basis, attributable to periods after October 3, 2008, of

Basis is attributable to periods after October 3, 2008, if the

any qualified combined heat and power system property placed

property was acquired after October 3, 2008, or to the extent of

in service during the tax year. Combined heat and power

basis attributable to construction, reconstruction, or erection by

system property is property that uses the same energy source

the taxpayer after October 3, 2008.

for the simultaneous or sequential generation of electrical

power, mechanical shaft power, or both; in combination with the

Line 11s

generation of steam or other forms of useful thermal energy

Enter the basis of any qualified investment credit facility

(including heating and cooling applications); the energy

property placed in service during the tax year. Qualified

efficiency percentage of which exceeds 60 percent; and it

investment credit facility property is property for which

produces:

•

depreciation or amortization is allowable and is tangible

At least 20 percent of its total useful energy in the form of

personal property or other tangible property (not including a

thermal energy that is not used to produce electrical or

building or its structural components), but only if the property is

mechanical power (or a combination thereof), and

used as an integral part of the qualified investment credit

•

At least 20 percent of its total useful energy in the form of

facility. See section 48(a)(5) for details.

electrical or mechanical power (or a combination thereof).

A qualified investment credit facility is any of the following

For details, see section 48(c)(3).

facilities if no credit has been allowed under section 45 for that

Basis is attributable to periods after October 3, 2008, if the

facility and an irrevocable election was made to treat the

property was acquired after October 3, 2008, or to the extent of

qualified facility as energy property.

•

basis attributable to construction, reconstruction, or erection by

Wind facilities under section 45(d)(1) if the facility is placed in

the taxpayer after October 3, 2008.

service in 2009, 2010, 2011, or 2012,

•

Any qualified facility under section 45(d)(2), (3), (4), (6), (7),

Energy efficiency percentage. The energy efficiency

(9), or (11), if that facility is placed in service in 2009, 2010,

percentage of a combined heat and power system property is

2011, 2012, or 2013.

the fraction — the numerator of which is the total useful

electrical, thermal, and mechanical power produced by the

The election to treat a qualified facility as energy property is

system at normal operating rates, and expected to be

made by claiming the energy credit with respect to qualified

consumed in its normal application, and the denominator of

investment credit facility property by completing Form 3468 and

which is the lower heating value of the fuel sources for the

attaching it to your timely filed income tax return (including

system. The energy efficiency percentage is determined on a

extensions) for the tax year that the property is placed in

Btu basis.

service. You must make a separate election for each qualified

Combined heat and power system property does not include

facility that is to be treated as a qualified investment credit

property used to transport the energy source to the facility or to

facility. You must also attach a statement to the Form 3468 that

distribute energy produced by the facility.

includes the following information:

1. Your name, address, taxpayer identification number, and

Biomass systems. Systems designed to use biomass for at

telephone number.

least 90 percent of the energy source are eligible for a credit

2. For each qualified investment credit facility:

that is reduced in proportion to the degree to which the system

fails to meet the efficiency standard. For more information, see

a. A detailed technical description of the facility, including

section 48(c)(3)(D).

generating capacity.

b. A detailed technical description of the energy property

Line 11o

placed in service during the tax year as an integral part of the

Enter the basis, attributable to periods after October 3, 2008,

facility, including a statement that the property is an integral part

and before January 1, 2009, of any qualified small wind energy

of such facility.

property placed in service during the tax year.

c. The date that the energy property was placed in service.

Qualified small wind energy property means property that

d. An accounting of your basis in the energy property.

uses a qualifying small wind turbine to generate electricity. For

e. A depreciation schedule reflecting your remaining basis

this purpose, a qualifying small wind turbine means a wind

in the energy property after the energy credit is claimed.

turbine which has a nameplate capacity of not more than 100

3. A statement that you have not and will not claim a grant

kilowatts. For details, see section 48(c)(4).

under section 1603 of the American Recovery and

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Instructions For Form 3468 - 2009 Page 6

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