| Solar installation is a great way to start saving money. | | | | water heater, small wind energy and fuel cells. |
| Getting a solar application installed makes you eligible | | | | For solar water heaters, A requirement of at least half |
| for a renewable energy tax credit. However figuring | | | | or the energy generated by the qualifying installation |
| out if your installation qualifies for a tax credit can be | | | | must come from the sun alone. Qualified home |
| confusing. Before buying any type of renewable | | | | owners can claim tax incentive for the solar water |
| energy installation such as wind or solar generator, | | | | heater installation only, not including the entire water |
| make sure to read the fine print. Most manufacturers | | | | heating system of the household. The tax incentive |
| often include details of tax credit and how much you | | | | does not apply to products purchased for swimming |
| can save. Getting a solar energy tax credit is still | | | | pools or hot tubs. The water used for the solar water |
| possible today. | | | | heater must be used for the household. It is also |
| There are several renewable energy installations that | | | | important that the solar water system is certified by |
| are available for a tax incentive, however; some | | | | the Solar Rating and Certification Corporation (SRCC). |
| restrictions apply. Photovoltaic power systems and | | | | A photovoltaic system also has to meet several |
| solar water heating systems that was in service by | | | | requirements in order to qualify for a tax incentive. The |
| December 31st, 2016 are qualified for a tax incentive | | | | system should generate power for the household. It is |
| of 30 percent of the cost with no maximum. The | | | | also important that the system meets the applicable |
| deadline of 2016 gives home owners plenty of time to | | | | fire and electrical code requirement. |
| install the system. In order to qualify, the solar system | | | | These renewable energy tax incentives are available |
| must have a Manufacturer's Certification Statement. | | | | to citizens of United Stated including its surrounding |
| This will serve as a proof that product is qualified for a | | | | territory. Some states even offer their own incentives. |
| tax credit. Other installations qualified for a tax credit | | | | To know more about solar tax incentives, visit the |
| are geothermal heat pumps, photovoltaic panels, solar | | | | DSIRE database. |