### Question
What is the definition of smart grid property?


### Answer
The definition of **smart grid property** is as follows in *26 U.S.C. § 168*:

> 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

#### Citation:
  - *26 U.S.C. § 168*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

