Looking for maximum savings while saving the planet? Well, the US Government and TheInverterStore.com are both on your side! With any new solar system, the IRS is allowing up to a 30% Renewable Energy Credit to be used as a deduction on your taxes. So buy a solar system now, and you get to deduct 30% of the total cost of the system off of next years taxes! There is no maximum credit on systems. All new solar systems purchased from us gets you up to 30% credit no matter the size of the system.
Note: The Consolidated Appropriations Act, signed in December 2015, extended the expiration date for PV and solar thermal technologies, and introduced a gradual step down in the credit value for these technologies.
A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the "placed in service" date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below.
These kits come with solar panels, solar charge controllers, power inverters, batteries and all the necessary cabling and fuses to connect the system together, making it hassle free. Another benefit of the Federal Tax Credit, the solar system doesn't have to be installed at your primary residence/dwelling to receive the Solar Energy Credit.
Are you a business? Well... this applies to you as well! Click here for more info.
So, there you have it! Clearly, there is no smarter choice than to convert to solar now. Don't rely on fossil fuels, coal and harmful nuclear from an expensive power grid. Buy now and get Free Energy and a Tax Break from the government! For more information about the tax credits, click here.
To view more information about financial incentives and regulatory policies that promote renewable energy by state, click here.