Skip to content

Get it While You Can: Government Solar Incentive Programs

July 6, 2011

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.

Advertisements

From → Solar

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: