Solar Panel Tax Credit And Home Solar Panels
updated at : Sunday, January 22nd, 2017
Solar Panel Tax Credit and Home Solar Panel
The solar panel tax credit is a government program to slash home solar panel installation costs. To qualify for this tax credit, you will need to owe federal taxes. This is because it is your tax bill that will be reduced by 30%. This policy applies to systems that are installed in existing homes, new homes being built and second homes. This credit does not apply to rental homes. Most importantly, your solar energy system must be installed in the time period when the tax credit for renewable energy is valid. The generous 30% tax credit package is to expire at end of 2016 but congress has extended it for a few years. Take advantage of the 30% solar tax credit to reduce the home solar panel installation costs before it expires.
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