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WInd and Solar Tax Breaks

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vfx

Well-Known Member
Aug 18, 2006
14,790
52
CA CA
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.