Federal Solar Tax Credits

For the first time since 1985, homeowners in the United States who install solar energy systems will receive a tax credit from the federal government worth 30% of the system cost, capped at $2,000. Businesses that purchase solar equipment will also receive a credit worth 30% of the system cost. These tax credits, in the recently passed energy bill, will bring solar power costs over the tipping point in many areas of the country.

According to Rhone Resch, President of the Solar Energy Industries Association, "With the solar provisions in this Energy Bill, Congress is supporting individual Americans who make a real contribution towards U.S. energy independence. Installing solar energy on your roof is one of the most meaningful steps an individual can take to reduce our reliance on foreign sources of energy and help declare energy independence. Now solar comes with a more affordable price tag, and more consumers will take a step towards energy independence by choosing solar power. That means cleaner air, more jobs, and greater energy security for all."