Tax Incentives

Main points on incentives

  • 30% federal tax credits on solar, geothermal and residential wind energy systems translate into huge benefits for the customer
  • Thousands in rebates through state and local incentive programs (such as Arlington, VA and Montgomery, MD) means even more savings, and could result in a break of 50% or more when considering federal, state and local incentives together.
  • As home energy prices rise, technology improves, and prices drop for solar, geothermal, and residential wind systems, the formula becomes even more convincing!


http://www.energystar.gov/index.cfm?c=tax_credits.tx_index
Government website providing information on federal tax incentives

http://www.dsireusa.org/
Easy to use site providing information on federal, state and local tax incentives

http://www.irs.gov/newsroom/article/0,,id=204671,00.html
Information on the $8,000 tax credit for first time homebuyers





Solarnomics

With all the variables associated with installing a photovoltaic (PV or solar panel) system on your property, determining the financial benefits of panels can be difficult.  We call the study of these financial benefits solarnomics.

solarpanelgraph
The DoE has a great section on the costs/benefits of a residential solar panel system.  Also, check out this solar payback calculator for an idea of savings in your area.