4 replies to this topic

[Shortpoet-GTD]

http://runonsun.com/...-tax-incentives

This site gives a decent rundown on rebates and tax incentives, feed in tariff's, the various
companies involved, etc. Kind of one stop shopping for info on solar.


(Self edit-text added)

[Dustoffer]

It was all for commercial and not private independent solar electric systems.  Oh well, I had always hoped I would get some sort or rebate, but never did.  Only no power bills, no power outages when the local utility goes down.  Efficiency increase is a nice thing but my solar panels are already doing just fine, and have for 15 years now.   300+ days of sun a year is all the rebate I really need.

[Shortpoet-GTD]

It depends on what state you're in. Google tax rebates-solar; and it will bring up each states rebates.

[Dustoffer]

Here is what I found:
http://www.wholesale...tax-credit.html
and:
http://www.wholesale...com/states.html
When and where I built (the IREA power area of CO in 1997-8) there were no tax incentives at all.   From the top link, my last change of batteries  and other improvements to my system(s) could be taken off my tax liability, if I had any.
Save the receipts and they will give you 30% of the receipts in tax deduction if you fill out the Federal form mentioned.  Whether you self install or hire it done.
Of course, as an example, if you hire it done for 40K, you would get a 12K reduction in your taxes.  If you only owed 6K in taxes you would lose the other 6K you could have got.  So, as an example,  if you self installed for 20K, then it would be even and the best result.

[Phil]

What I did was convert my 401K to a Roth and used the tax rebate for that.  That way nothing is wasted.  I also self installed, great savings and rather easy.

Washington state has a 15 cent per KWH production rebate.  That combined with net metering will allow me a payback of 7 years or so.