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Federal Tax Credits End In:
Federal Solar and Wind Tax Credits


What types of solar electric systems qualify for the 30% Federal Tax Credit?*

  • ANY complete solar power package, for home or business.
  • Emergency battery back up system, as long as the purchase includes at least one solar panel.
  • Product purchases that expand your existing solar power system and include at least one solar panel.
  • Solar System for RV and boat that has been accepted by the IRS as a second home for tax purposes*.

Some Facts Regarding Eligibility of the Federal Tax Credit*:

  • The home served by the system does not have to be the taxpayer’s principal residence.
  • If the federal tax credit exceeds your tax liability, the excess amount may be carried forward to the succeeding taxable year.
  • There is no ceiling on the tax credit.
  • Applies to equipment AND installation costs.
  • For Residential Renewable Energy Systems, use IRS Tax Form 5695 to report your expenses. (It can be used for any residence, not just your primary one.)
  • Commercial systems have similar guidelines as residential systems but use IRS Tax Form 3468. More info here.
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016. (See details below.)
  • See other state, county, city and utility company rebates and incentives.

Federal Tax Credits in effect through 2016

The Emergency Economic Stabilization Act of 2008, which was signed into law on October 1, 2008, was a boon to the renewable energy market. Not only was the 30% commercial solar investment tax credit extended through 2016, but the same tax credit was also extended to residential installations.

Under this legislation the previous $2,000 cap for residential solar installations was eliminated. As of January 1, 2009, the purchase of a residential solar electric system makes you eligible for a tax credit equal to 30% of the cost of your solar system, including installation. See full information on how you may use the tax credit.

*Consult with your tax adviser to make sure the tax credit applies to you and your situation.