Let the IRS pay you to save money!

The Energy Policy Act of 2005 provides a credit for taxpayers who purchase certain energy efficient vehicles, green fuels and green upgrades. When you order a Limelight Systems supplemental hydrogen kit for your car or truck, we will include instructions how to maximize your tax credit. Below you will see exact quotes out of official IRS documents, of which you will receive a complete copy. The IRS code states that you can benefit from this reward regardless of whether you drive for pleasure or business:

You are allowed a limited deduction for the cost of clean-fuel vehicle property and clean-fuel vehicle refueling property you place in service during the tax year.  IRC §30B potentially allows a credit for four separate categories of vehicles: 1) Fuel Cell vehicles, 2) Advanced Lean Burn Technology vehicles, 3) Hybrid vehicles and 4) Alternative Fuel vehicles.

Clean burning fuels. The following are clean burning fuels. Maximize your tax deductions with a clean burning supplemental hydrogen fuel system conversion kit and make your vehicle a clean burning hybrid.

  1. Natural gas.
  2. Liquefied natural gas.
  3. Liquefied petroleum gas.
  4. Hydrogen.
  5. Electricity.
  6. Any other fuel that is at least 85% alcohol (any kind) or ether.

Deduction for Clean Fuel Vehicle Property

  • The deduction for this property may be claimed regardless of whether the property is used in a trade or business
  • Clean-fuel vehicle property. Clean fuel vehicle property is either of the following kinds of property.
  • Any property installed on a motor vehicle (including installation costs) to enable it to be propelled by a clean-burning fuel
  • The property is an engine (or modification of an engine) that can use a clean-burning fuel, or The property is used to store or deliver that fuel to the engine or to exhaust gases from the combustion of that fuel.
  • For vehicles that may be propelled by both a clean-burning fuel and any other fuel, your deduction is generally the additional cost of permitting the use of the clean-burning fuel.

You can get back up to $2,000 for a car, or up to $50,000 for a truck!!! Isn't that amazing? The text below is not written by us, it's copied word for word out of the new IRS code:

Deduction limit. The maximum deduction you can claim for qualified clean-fuel vehicle property with respect to any motor vehicle is one of the following.
1. $50,000 for a truck or van with a gross vehicle weight rating over 26,000 pounds or for a bus with a seating capacity of at least 20 adults (excluding the driver).
2. $5,000 for a truck or van with a gross vehicle weight rating over 10,000 pounds but not more than 26,000 pounds.
3. $2,000 for a vehicle not included in (1) or (2).

We cannot guarantee your tax returns because rules change by year and location. Consult your tax professional. But you will not be alone, and you will get all of this useful information with your kit