Posted by Norman F, July 26th, 2015
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2014 – 2015 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 credit, you can claim up to 30% of solar power costs for a new solar electric system off your Federal taxes. Existing homes & new construction qualify. Both principal residences and second homes qualify. Rental properties do not qualify. Tax Rebate Expires: December 31, 2016 The Solar Federal Tax Credit 2013 – 2014 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. Read the rest of this entry »