Purchasers of new residential solar electric systems are eligible for a full 30% tax credit. This means, for example, that if you purchase a solar electric system for $22,000, you can take $6,600 off the taxes you owe for that year, or subsequent year.
Purchasers of new residential solar water heating systems are also eligible for a full 30% tax credit. This means, for example, that if you purchase a solar hot water system for $8,000, you can take $2,400 off the taxes you owe for that year. If you purchase both types of systems, you can take both tax credits. Business tax payers can get a 30% investment tax credit for solar electric and solar water heating systems as well as a 5 year depreciation schedule. How big is your tax burden? Cut it down to size and put solar energy to work for your business with the savings!
Contact us for more information about how you can take advantage of this big opportunity.
