Solar Tax Rebate
Rebates end this year
Simply own a Sun City Solar Energy System now and take advantage of the 30% solar tax rebate, ending December 31, 2008. The rebate comes right off your bottom line tax liability. Or, if you are already getting money back, you can get an additional $4,000 back.
$2,000 for solar hot water and $2,000 for solar power.
You can lower your taxes by taking control of your energy dollars. Own a Sun City Solar Energy System and you will save money twice; FIRST by lowering your energy use, and SECOND by lowering your taxes with the new solar rebate tax credit.
The residential solar rebate tax credit is 30% of the solar investment capped at $2,000 each for hot water and solar power electric. Solar incentives apply to equipment placed in service during 2008. To be eligible for the solar tax credit, solar thermal systems must be certified by the SRCC. There is not an SRCC certification requirement for solar electric.
Commercial Solar Tax Credit:
The commercial tax credit is 30% with no cap. The commercial solar rebate tax credit can be carried back one year and forward twenty years. For a complete guide of the commercial and residential Federal tax credits, please go to: www.seia.org
There is a difference between a tax deduction and a tax credit. A tax deduction is subtracted from income before tax liability is computed. A tax credit is subtracted from the total tax liability. Currently, there is not a solar rebate for residential pool systems.