Sunday, May 17, 2009

New Solar Energy Credits

The new stimulus law has expanded the credit available for alternative energy improvements. This incorporates solar, wind, and geothermal investments. The credit is 30% of your cost for the systems. The tax credit can cover any home used as a residence by the taxpayer, but it does not have to be your principal residence. So your vacation home can qualify.

This blog will cover the solar credit which includes the generation of electricity, heating water, and some resources for information on solar power.

As I mentioned, the credit is 30% of the cost of the solar system. The system must be installed by December 31, 2016, so you have plenty of time to put the system in place. You can use it for generating electricity or hot water.

In addition many states offer a credit for energy improvements including solar power. Here is a link to a database that details these credits:

Try Wikipedia for some general information on solar power. Here is that link:

The American Solar Energy Society is an industry association which provides information on solar energy. It has 12,000 members from solar professionals to grass root enthusiasts. They are located at

You can Google “Solar Power” and get about 30,000,000 hits. That should keep you busy for the weekend.

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