The "bailout" bill has some great news for Solar and Wind buyers.
THIRTY PERCENT! :biggrin:
Quote, "Solar power, far less economically viable than wind turbines, had the
most to gain from the bill. The expiring incentives allowed homeowners to claim
an investment tax credit for 30% of the cost of a new solar installation, but capped
it at $2,000. The new law, written into the financial rescue bill, extends the 30%
credit for eight years and, more importantly, eliminates the cap. That means that
on a $27,000 residential solar system of 3.2 kw, a homeowner could take nearly $9,000
off his taxes the first year."
From this page:
http://www.forbes.com/business/ener...taxes-biz-energy-cx_ch_1002energy08_taxes.htm
Nice.
THIRTY PERCENT! :biggrin:
Quote, "Solar power, far less economically viable than wind turbines, had the
most to gain from the bill. The expiring incentives allowed homeowners to claim
an investment tax credit for 30% of the cost of a new solar installation, but capped
it at $2,000. The new law, written into the financial rescue bill, extends the 30%
credit for eight years and, more importantly, eliminates the cap. That means that
on a $27,000 residential solar system of 3.2 kw, a homeowner could take nearly $9,000
off his taxes the first year."
From this page:
http://www.forbes.com/business/ener...taxes-biz-energy-cx_ch_1002energy08_taxes.htm
Nice.