Renewable Energy
Renewable Energy is the way of the future…
Renewable Energy is the way of the future… We have enough solar energy hitting the state of Arizona in one year to power our whole country. We have enough wind energy in the state of Wyoming to do the same. 85% of Americans say that if they could build a solar system’s cost into a long-term mortgage, they would. People are getting smarter and technology is becoming more affordable. People are making a difference, one at a time.
Solar Energy Systems |
Solar Water Heating |
At least half of the energy generated by the “qualifying property” must come from the sun. Homeowners may only claim spending on the solar water heating system property, not the entire water heating system of the household. The credit is not available for expenses for swimming pools or hot tubs. The water must be used in the dwelling. The system must be certified by the Solar Rating and Certification Corporation (SRCC). |
30% of cost |
Use IRS Form 5695 Must be placed in service before December 31, 2016. |
Photovoltaic Systems |
Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement. |
30% of cost |
Use IRS Form 5695 Must be placed in service before December 31, 2016. |
|
Small Wind Energy Systems |
Residential Small Wind Energy Systems |
|
30% of the cost |
Must be placed in service by December 31, 2016. Use IRS Tax Form 5695 (version 2009). This form should be available in late 2009 or early 2010. Not limited to $1,500 cap. |
The current incentives offered by our Federal Government for tax deduction.
