smart grid property

Defined in 1 place of the United States Code.

For the purposes of subparagraph (A), the term “smart grid property” means electronics and related equipment that is capable of—

(i) sensing, collecting, and monitoring data of or from all portions of a utility's electric distribution grid,

(ii) providing real-time, two-way communications to monitor or manage such grid, and

(iii) providing real time analysis of and event prediction based upon collected data that can be used to improve electric distribution system reliability, quality, and performance.

Source

2008–present 26 U.S.C. § 168Internal Revenue Code · Accelerated cost recovery system · under this section