Posted by Norman Fong, March 7th, 2013
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2012 – 2013 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 2012 – 2013 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.