16 Jan
2009

New 2009 Solar Federal Tax Credit

Posted by easy eco blog

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2009 brings a new residential Solar Federal Tax Credit.  The old ones was capped at $2,000.  With the new one one you can claim up to 30% of installation costs for a new system.  This works well when coupled with a state rebate program. (CA, CT, NJ, NY) Also look for city programs.

A 3kW system costing $24K would get $5K in state rebates and $5.7k Federal rebate. Final price $13.3k.  System payback time could drop to 6-7 years.  Nice!

In 2009, solar tax credits can be claimed against alternative minimum tax (AMT).

Interested in Solar? Sunpower has free solar power site evaluations.

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Related posts:

  1. New 2009 Wind Power Tax Credit
  2. Federal Tax Credit on Geo-Thermal Heat Pump
  3. Federal Tax Credit on Insulation
  4. Federal Tax Credit on Energy Efficient Water Heaters
  5. Federal Tax Credit on Furnaces and Boilers

Posted on January 16th, 2009
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3 Responses to “New 2009 Solar Federal Tax Credit”

  1. Ways to Save Energy, Money on your Utility Bill | Easy Eco Blog Says:

    [...] advantage of the 30% upto $1500 Federal Tax Credit on install Energy efficient items such as solar panels, windows, doors, skylights, water heaters, furnaces, boilers, pellet stoves, etc at a nice [...]

  2. James A vonBergen Says:

    Greetings, Elks Lodge #6 in Sacramento, CA (non-profit) is installing a solar water panel system on the roof for the indoor swimming pool. Present natural gas fired heater is 400,000 BTU. Is there any Federal and/or State Solar rebates??
    Sincerely, Jameas A. vonBergen

  3. easy eco blog Says:

    Solar heating systems for pools aren’t covered by the Federal Tax Credit.

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