FEDERAL TAX INCENTIVES

Is there a Federal Tax credit for homeowners to install PV?
Yes, under current law, an individual homeowner may take an income tax credit of 30% of spending on qualified solar property up to $2,000. This law is effective for systems placed in service by the end of 2008. New federal legislation has been introduced to extend and expand the solar tax credits. More information, including a tax guide, can be found at www.seia.org.

News on Federal Tax credits for solar installations
In early August 2007, the House of Representatives approved the energy tax package (H.R. 2776) which among the key provisions include the elimination of the existing $2,000 limit on the 30 percent Investment Tax Credit for homeowners.

To learn more about the key provisions in the House and Senate Bills as well as the key incentives that would benefit the solar energy industry please visit: http://www.seia.org/itc.php.

In the news:
August 4th: House Passes Legislation to Support America's Solar Energy Future SEIA http://www.seia.org/solarnews.php?id=144

STATE INCENTIVES

Connecticut Sales Tax Exemptions for Solar Systems

Effective Date: July 1st, 2007
Click for more information- You will be redirected to the Database of State Incentives for Renewables & Efficiency

Connecticut Property Tax Exemptions for Solar Systems
Effective Date: October 1st, 2007
Click for more information- You will be redirected to the Database of State Incentives for Renewables & Efficiency

 

 
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