It might have been overlooked among the hundreds of billions being handed out by Washington, but it is certainly going to help make the nation's grids a lot smarter.rnThe $700 billion Emergency Economic Stabilization Act, which was signed into law on October 3, 2008 after much pleading, rejection and eventual acceptance, included provisions for accelerated depreciation for smart meters and other smart grid equipment. Certainly these funds will stimulate greater utility investment in this much-needed technology.rnBasically, the new tax provisions reduce the depreciation rate for smart grid technologies from 20 years to 10, bringing smart grid tax treatment in line with other similar high-technology systems.
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