SOLAR ENERGY
SYSTEMS
Solar
Water
Heating
This tax credit is a little more
complicated. The qualifying expense must come
directly from water heater used for the
dwelling. You can not get a 30% reduction in
cost on a solar water heating system that is
supporting you hot tub or swimming
pool.
You
are allowed a 30% tax credit for qualifying water
heating systems that have at least 1/2 of their
generated energy coming from the sun. The tax
credit can only come from the expenses directly
related to the solar portion of the water heater
system. You cannot expense out the complete
water heating system for the
household.
Finally, the solar sytem must have
a Solar Rating and Certification Corporation
certificate. All ENERGY STAR solar water
heaters qualify for the tax
credit.
Your Solar Energy System must be
placed into service before December 31,
2016
For
further information go to www.energystar.gov/taxcredits
http://creativecommons.org/licenses/by/2.5/
Photovoltaic
Systems
These types of systems would be providing
electricity for your home. At minimum, the must be up to
state and local fire and electrical
codes.
If you place these systems into service
before December 21, 2016 you are eligible for a tax
credit of 30% of the cost.
Please refer
to : www.energystar.gov/taxcredits
for important verifications on the tax credit
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