New 2009 Solar Federal Tax Credit
Posted by easy eco blog
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.
Related posts:
- New 2009 Wind Power Tax Credit
- Federal Tax Credit on Geo-Thermal Heat Pump
- Federal Tax Credit on Insulation
- Federal Tax Credit on Energy Efficient Water Heaters
- Federal Tax Credit on Furnaces and Boilers
Filed under: Alternative Energy, Effort, Energy, Green, Hard, Home, Solar | Tags: Solar tax credit
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3 Responses to “New 2009 Solar Federal Tax Credit”
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January 13th, 2010 at 12:02 am
[...] 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 [...]
February 1st, 2010 at 5:31 pm
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
February 3rd, 2010 at 11:38 am
Solar heating systems for pools aren’t covered by the Federal Tax Credit.