Incentive Information
Federal Solar Tax Credit
- 30% of installed costs of solar energy systems
- No CAP(limit) on size of credit
- Applies to certified systems only
- 30% of installed costs of solar-thermal and solar-electric systems
- CAP is $2,000
- Applies to certified systems only
- 30% of installed costs for geothermal heat pumps
- Up to $1500 for biomass stoves and boilers
- Applies to qualifying systems per US Energy Star Guidelines
- Offset 10% -100% of your monthly energy bills
- Value of the offset increases whenever utility rates and taxes increase
- Recurring benefit for the life of the system
- Helps to quickly recover capital investment
- Provides an incentive to small producers vs sending utility environmental fines into government general funds
- Significant recurring benefit for the next 8-10 years
- Appraisals and banks will take note of energy systems in the near future and provide better mortgage terms
- Educated buyers will seek out properties with lower utility expenses
- Same lifestyle, less carbon footprint
- Long term investment for generations of return
