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USA
Financial Incentives and Rebates
Home Owners Installation
of Solar Power Systems and Energy Efficient Technologies
There
are a wide set of incentives and rebates available to home
owners in USA for alternative energy systems installation.
States and local municipalities have some incentive programs to
encourage solar power and other alternative energies in their
areas. And on Federal level there is also two big finance
incentives for solar power systems and renewables and energy
efficient technologies.
For state incentives and rebates, see:
New York
New Jersey
California
Database of State Incentives
for Renewables and Efficiency
USA FEDERAL FINANCE INCENTIVES FOR SOLAR POWER PANELS AND
SYSTEMS: RESIDENTIAL SOLAR AND FUEL CELL TAX CREDIT
Until the end of 2008 the Federal government offers the
Residential Solar and Fuel Cell Tax Credit which may provide
a tax credit up to $2,000 for the installation of a solar power
system.
Residential Renewable Technologies involved
Solar Water Heat,
Photovoltaics,
Fuel Cells, Other Solar Electric Technologies.
Maximum financial incentive
$2,000 for solar electric and solar water heating; $500 per 0.5
kW for fuel cells
Conditions & Installation
The program doesn’t specify any eligible system size. Solar
water heating property must be certified by SRCC or by
comparable entity endorsed by the state. At least half the
energy used to heat the dwelling's water must be from solar in
order for the solar water heating property expenditures to be
eligible.
USA FEDERAL TAX CREDIT FOR THE INSTALLATION OF ENERGY
EFFICIENCY TECHNOLOGIES (2007)
Technologies allowing 2007 Tax Credit in USA
The Federal government allows a Personal Tax Credit for the
installation of efficiency technologies:
Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners,
Building Insulation, Windows, Doors, Roofs, Circulating fan used
in a qualifying furnace and Geothermal Heat Bumps.
2007 Tax Credit for energy efficiency
technologies
This Tax Credit is applicable to residential installations and
amounts 10% of cost of building envelope improvements or 100%
for qualified energy property (heating, cooling, water heaters).
Maximum incentive
The maximum incentive varies by technology: no more than $500
credit for all energy property and envelope improvements for all
tax years.
Energy efficiency equipment and installation
requirements
Equipment must be new and in compliance with all applicable
performance and safety standards; performance and quality
standards vary by technology
For more detailed information, check:
Federal Incentives for Renewable Energy (DSIRE)
STATE AND MUNICIPAL INCENTIVES IN USA FOR HOME OWNERS
SOLAR POWER SYSTEMS INSTALLATION
For information on state and municipal incentives, see:
Database of State Incentives
for Renewables and Efficiency
See also:
New York Solar
Energy Incentives
California Solar
Energy Incentives
New Jersey Solar and
other Energy Incentives
Domestic Solar Hot Water Systems
PV Solar Energy
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