Posts Tagged ‘Federal Tax Credit’

22 Mar
2017

2017 Solar Tax Credit – Solar Rebate

Posted by Norman F, March 22nd, 2017

solar panel, solar energy
Get a Free Solar Power Estimate from a local vendor by clicking the link to the right.

2016 – 2017 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, 2021 The Solar Federal Tax Credit 2016 – 2017 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 »

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In 2015, PG&E and BMW announced the BMW i ChargeForward Program that allow BMW i3 owners to get paid for delaying charging when the power grid is under heavy strain. Get up to $1540!

Tesla Model S electric Car

Tesla Model S is the first luxury production electric car. With up to 265 mile range and extremely fast 0-60 times of 3.2 seconds, this state of the art electric car has 5+2 seating. 29 miles per hour of charging via 240V outlet.

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25 Jan
2012

Residential Wind Power Federal Tax Credit for Consumer Energy Efficiency

Posted by Norman F, January 25th, 2012

windmill alternative energy

The new residential Small Wind Turbine Federal Tax Credit for Energy Efficiency is a large credit with many advantages.

  • The old tax credit was capped at $2,000.
  • With the new one one you can claim 30% of cost, up to $500 per .5 kW of power capacity, for a new system.
  • It expires 12/31/2016.
  • This Federal tax credit works well when coupled with a state rebate program. Combine this with state rebates like those in California or New York and you have a sweeter deal.
  • Moderate sized 10 kW wind power systems cost over $50,000.
  • The rebate has a nameplate capacity limit of no more than 100 kilowatts.

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21 Jan
2012

Federal Tax Credit for Energy Efficiency on GeoThermal Heat Pump

Posted by Norman F, January 21st, 2012

geo thermal heat pump

GeoThermal Heat Pumps are devices which transfer the heat from the Earth and utilize it to warm your house in a energy efficient manner.

A reminder that there is a Federal Tax Credit for Energy Efficiency on Qualifying GeoThermal Heat Pumps, with no cap. If you have been thinking about replacing these items, you might as well upgrade now and save some money.

For 2012, the Federal Tax Credit for energy efficiency for GeoThermal heat pumps is 30% of the cost (including installation/labor costs), with no upper limit . (2010 Federal Tax Credit information) Read the rest of this entry »

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