FEDERAL GOVERNMENT EXPANDS SOLAR FUNDING

The renewal of the Federal Investment Tax Credit (ITC) in October means great things for home and business owners interested in solar power for their energy needs. The ITC has been extended and expanded, making your investment more affordable than ever.

Incentive:

Solar Electric: 30% tax credit on the system price, no limit
Solar Hot Water: 30% tax credit on the system price, $2,000 limit

Effective: January 1, 2009

For example, The ITC is now 30% of the solution’s TOTAL cost. That means, in addition to your state incentives and depending on the size of your solar electric system, you can expect anywhere from $4000-$7000 in tax savings from the Federal Government. And that can be higher - there is no limit! What’s more - you can choose to receive this tax credit over a 5 year period!

Please be aware that some states may be lowering their incentives since the expansion and extension of the ITC.