Saturday, November 14, 2009

Solar Tax Incentives

Hello all, thanks for stopping by Ask Doug The Electrician!
Federal Tax Incentives On Residential Solar Thermal Systems Now Uncapped
The new economic stimulus plan passed by Congress, and signed by President Obama, removed the cap on residential solar hot water systems. Residential PV systems and commercial solar thermal systems now qualify for a 30% federal income tax credit with no cap. This means that customers now get the entire 30% of the cost of their system back, instead of the $2,000 limit that was previously in place.

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