Get it While You Can: Government Solar Incentive Programs

If you are looking to reduce your dependence on fossil fuels, lower your energy costs, and increase the value of your home all at the same time, then installing a solar panel system on your home is the way to do it. Many people believe that solar panel systems are simply too expensive for them to afford, and the government has heard your cry for help. The Federal Tax Credit for Energy Efficiency Program is in place to help defray some of those costs so that you can get on the right track to reducing your carbon footprint.

The Solar Tax Credit

This portion of the program is the longest running with a scheduled expiration date of December 31, 2016. With the government solar program you will receive a 30%, no cap credit on any solar panels or solar water heater systems you install on your home. That includes parts and labor. The installation must meet all safety and building codes, so you’ll want to have a professional do the job.

The Appliance Tax Credit

The appliance credit is coming to an end, but there is still time to take advantage of it. With this credit, you’ll receive a 30% credit on new energy efficient appliances up to $1,500. Since it expires at the end of 2010, it’s probably wise to do this first. Besides, you want your home to be as energy efficient as possible before you size it for a solar panel system.