| Credit Cap Removed |
|
The Solar Tax Credit Cap Has Been Lifted! The US Congress has just made residential solar electric a very attractive investment for all projects going online from 2009 to 2017. Buried in the Bank Bailout bill recently passed (HR 1424) was a renewable energy section. It included not only language bringing residential wind power into the same 30% tax credit that solar enjoys (but only for one year), but also extended the solar credits. And (here's the best part!) it removes the $2,000 cap on solar tax credits! This means that a $30,000 PV system will get you a $9,000 tax credit fromt he IRS! How great that the IRS would subsidize equity in your home! In places like the Denver Metro Area, Excel Energy offers a $4.50 a watt rebate, throwing another $15,000 of free money into the pot. That makes a $30,000 solar PV system cost you only $6,000! Not to mention the reduced energy costs. If this kind of deal sounds good to you, give us a call. We even offer financing to cover the costs. |
