30% Federal Tax Credit for Photovoltaic Solar Power and Solar Hot Water

From the website of excellent USA solar power company Sun City Energy:

Solar Rebate: 30% of your solar investment is already paid for!

Simply own a Sun City Solar System and take advantage of the new 30% solar tax rebate. Not only do you lower your tax liability with the new solar tax credit, you also take control of your energy dollars by lowering your energy use. The Federal solar tax rebate is subtracted off your bottom line tax liability. If you receive a Federal tax refund, you will get an additional 30% of your solar investment added to your tax refund check.

30% solar tax rebate for solar power and solar hot water

Residential Solar Rebate Tax Credit

The residential solar rebate tax credit is 30% of your solar investment for hot water and solar power electric. To be eligible for the solar tax credit, solar thermal systems must be certified by the SRCC. There is no SRCC certification required for solar electric.

Commercial Solar Rebate Tax Credit

The commercial tax credit is 30%. The commercial solar rebate tax credit can be carried forward twenty years or back one year. Your solar investment can be depreciated over 5 years on an accelerated basis. Interest on loans may also enter into the tax credit calculation under section 266 of the tax code. For a complete guide of the commercial and residential Federal tax credits, please go to: www.seia.org

There is a difference between a tax deduction and a tax credit. A tax deduction is subtracted from income before tax liability is computed. A tax credit is subtracted from the total tax liability. Currently, there is no solar rebate for residential pool systems or solar heating systems.


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