Articles in the Taxbreak Category
Federal Tax Credits for Solar and $ SavingPosted in Taxbreak on 14 January 2008
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Solar Energy Systems - Tax credits are available for qualified solar water heating and photovoltaic systems. The credits are available for systems “placed in service” from January 1, 2006 through December 31, 2008. The tax credit is for 30 percent of the cost of the system, up to $2,000. This credit is not limited to the $500 home improvement cap. A tax credit can provide significant savings. It reduces the amount of income tax you have to pay. Unlike a deduction, which reduces the amount
