Solar Power Tax Credits
Living in the southern part of California, maybe you have thought about solar power, or know of someone that’s talked about getting solar panels installed. Solar power has many benefits and advantages ranging from environmental to economical. Not to mention, California offers Solar Power Tax Credits, so why haven’t you gone solar yet?
To begin, solar power is readily available because it uses the sun which is free and for the most part, limitless. By installing a SunSource Home Energy System, homeowners will experience a significant savings on energy.
Federal tax credits
The SunSource® Home Energy System meets the requirements for federal tax credits listed under the Emergency Economic Stabilization Act of 2008, covering 30% of the cost of the solar modules, including installation. You can also receive up to a $500 credit for the solar-ready heat pump or air conditioner that’s at the heart of the system.
California State tax credits.
California provides tax credits for renewable- energy systems as well as 46 other states. Not to mention over 600 electric utilities across the use. See if you are eligible by visiting: www.dsireusa.org.
Utility net metering
If your utility company offers net-metering agreements, you may be able to receive a credit for any surplus power generated that’s not used in your home and is fed back to your utility company. To find out if you can get rebates and credits for your excess power generation, check with your local utility company or visit: dsireusa.org