10 Jan
2012

2011 – 2012 Solar Tax Credit – Solar Rebate

Posted by easy eco blog

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Get a Free Solar Power Estimate from a local vendor by clicking the advertisement above.

2011 – 2012 continues the very popular residential Solar Federal Tax Credit first enacted in 2009.  The previous solar tax credit program was capped at $2,000.  With the new one one, you can claim up to 30% of solar power costs for a new solar electric system. Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify. Expires: December 31, 2016

The Solar Federal Tax Credit 2011 – 2012 works especially well when coupled with a state rebate program. (CA, CT, NJ, NY) Also look for city solar incentive programs, that can also save you money on your solar panels.

On the tax credit, existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.

This 2012 Solar Federal Tax Credit reduces the amount of tax you owe. The credit is a reduction of total income tax at the bottom of your tax return. This tax credit is a non-refundable tax credit. Consult your tax adviser for details about solar power. Use it or lose it!

Example Solar Electric System cost with Rebates

A 3kW solar electric system costing $24K would get $5K in California state rebates and $7.2k Solar Tax Credit. Final price $11.8k.  System payback time could drop to 6-7 years.  Rebates vary depending on location of course. Rebates make solar power Very attractive!

This Solar Federal Tax Credit is not affected by the AMT or Alternative Minimum Tax.

Interested in Solar Energy? Read our articles on solar power:

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Posted on January 10th, 2012
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25 Responses to “2011 – 2012 Solar Tax Credit – Solar Rebate”

  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.

  4. California Solar Initiative Rebates | Easy Eco Blog Says:

    [...] 30% uncapped Federal tax rebate has no doubt help sell more solar power systems. [...]

  5. Are Solar Panels for me? - Will Solar Power be worthwhile? | Easy Eco Blog Says:

    [...] Federal Tax Credit: [...]

  6. spr Says:

    can tree removal for a ground mount pv system be part of the installed cost?

  7. PG&E Energy Efficiency Rebates, Appliance rebates, Utility PGE Rebates, green homes, ways to go green | Easy Eco Blog Says:

    [...] Be sure to also take advantage of the Federal Energy Efficiency Tax Credit. This Federal tax credit can save you money in addition to your utility companies’ promotions. It applies to many items including: Windows, Doors, Skylights – Wood Heat Stoves, Pellet Stoves, Fireplace Inserts – Energy Efficient Water Heaters – Solar panels. [...]

  8. Ian Says:

    If I make a change to the solar system that costs to adjust (we need to change inverter for larger one, it is not dooing its job), can I take 30% off this cost (about $2,500). The system was put in last year (2009), we took the 30% credit already.

  9. easy eco blog Says:

    I don’t think this would qualify, but ask your local dealer..

  10. Daniel Says:

    I am trying to calculate the overall cost of the solar panel system on my office/apartment building I work at. I am wondering if my building will qualify for this incentive. The building I work in is an apartment building with 120 units. Half of the units are owned (and rented) by the property owner. The other half of the building is owned by individual tenants who purchased each apartment. I understand “rentals do not qualify”, but my building seems to land in a gray area of a “rental”. Does my building qualify for this federal tax incentive? If not, why?

  11. easy eco blog Says:

    This is a complicated question that is way above my expertise and needs to be answered by a tax accountant who better understands your buildings status. You might check with the local solar firm to see if they have worked with properties such as yours.

  12. Daniel Says:

    Thank you for your timely response. Much appreciated.

  13. Nell Says:

    We are getting ready to put a solar system on our roof. We are having to replace the shingles on the area we will install the array (12 years old, 20 yr warranty) They are not going bad at this point but the installer won’t put the panels on the existing roof. Can the cost of re-roofing for solar be counted in the overall cost and thus qualify for the 30% tax credit?

  14. easy eco blog Says:

    I do not think so, that is just one of the hidden costs when installing a solar system. I did some preventative roof work for before we had ours installed also.

  15. Costco Solar Electric System Special Event - Solar Power Rebates | Easy Eco Blog Says:

    [...] Professional installation is a must unless you are really gifted. This kit is eligible for the 30% Federal solar tax credit and possibly state and local utility rebates, making it a pretty good [...]

  16. Gordon Gregg Says:

    I want to put solar electric panels on my vacation home in AZ that I rent out on holidays. I live in california and it seems like I dont qualify for the rebates. Any Ideas, I want to follow the laws.

  17. Mike Arias Says:

    My local power company has a $2,000 per Kw rebate, up to $20,000. If I put in a 10Kw system for $38,000, the rebate should be $20,000. But what would the tax credit be – the total cost of $38,000 or only my final cost of $18,000?

  18. easy eco blog Says:

    You need to check with your accountant, but in most cases, the rebate would be on the full amount.

  19. Mike Francolucci Says:

    I am adding an operator to my driveway gate. If I use solar vs electric, is my purchase eligible for the rebate?

  20. easy eco blog Says:

    You have the link to this device? Have you ask the dealer you are buying this from, about this?

  21. Inez Ross Says:

    How about solar tubes (skylights)do they qualify ?

  22. easy eco blog Says:

    We looked into it and they do not qualify for the solar federal tax credit.

  23. crystal Says:

    Someone else will be purchasing our small solar system for us(as a gift), will they receive the tax credit or us? We would rather they take it.

  24. easy eco blog Says:

    Check with your accountant. I’d think it is the payer.

  25. How to Make your Business Energy-Efficient | Easy Eco Blog Says:

    [...] of the Federal Tax Credit for Energy efficiency and install Energy efficient items such as solar panels, windows, doors, skylights, water heaters, furnaces, boilers, pellet stoves, etc at a nice [...]

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