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Federal Tax Credits

 

I.  Residential Solar Installations

     A.  Residents can receive up to 30% of the total installation cost off of their tax burden.

     B.  Any residual credit can be rolled over for subsequent years until the entire allotment is met.

     C.  Program will not expire until the end of 2016.

   For more information go to the DSIRE database.

 

II.  Commercial Solar Installations

     A. Businesses can choose to receive a grant from the US treasury instead of receiving the federal   

         business energy investment tax credit (ITC).

     B. This program was extended to include projects undertaken in 2011.

     C. Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover           

         investments in certain property through depreciation deductions.

   For more information go to:

  1. 1603 Program: Payments for Specified Energy Property in Lieu of Tax Credits

  2. DSIRE: Grants, ITC
  3. DSIRE: MACRS depreciation deduction

 

 

 

 
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