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English definition of “energy tax credit”

energy tax credit

noun [C]
 
 
TAX, ENVIRONMENT a way of allowing a person or organization to pay less tax because they have changed to a system that uses less energy, or to renewable energy (= power from the sun, wind, etc.): The Committee approved $20 billion in energy tax credits as part of a plan to help revive the US economy.
(Definition of energy tax credit from the Cambridge Business English Dictionary © Cambridge University Press)
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