Industry releases FAQ’s on how federal tax credits help homeowners, companies and utilities install solar energy systems.
WASHINGTON, DC – The Solar Energy Industries Association today released Version 3.0 of its solar tax guide to its nearly 1,000 member companies. The updated guide explains new federal incentives for solar energy and will help SEIA members to better advise customers that are interested in installing solar at their homes and businesses.
SEIA’s “Guide to Federal Tax Incentives for Solar Energy” is the source for all information on all federal incentives and is available to all SEIA members. The updated guide includes all provisions in the recently passed economic stimulus bill, the American Recovery and Reinvestment Act. The guide also includes provisions from the Emergency Economic Stabilization Act passed last October.
Federal tax incentives covered include the 30-percent solar investment tax credit extended for 8 years through 2016; removal of the $2,000 cap on residential photovoltaic and solar water heating systems; and how the Federal credit can be used with state and local incentives.
“I was able to install solar panels on my own home in 2006 because of tax incentives,” said SEIA President and CEO Rhone Resch. “Installing solar has significantly reduced my energy bills and on most days provides all the clean energy my family needs. With the expansion of tax breaks that are now available, there has never been a better time to install solar at your home or business and take advantage of the best clean energy value available.”
SEIA’s Frequently-Asked Questions for tax incentives can be found at: http://seia.org/galleries/pdf/SEIATaxManual_v3-0_FAQ.pdf
SEIA members can download a copy of the full manual by logging into the members-only section of SEIA’s web-site:http://www.seia.org
A Table of Contents is available at: http://seia.org/galleries/pdf/SEIATaxManual_v3-0_ToC.pdf
Homeowners and business owners should also check on local and state incentives for installing solar at www.dsireuse.org.