Federal, State and Utility Incentives for Solar Technologies

Renewable Energy Tax Credit
Utility Company Incentives
State Incentives

Renewable Energy Tax Credit

The Renewable Energy Tax Credit provides tax credits to offset the costs of purchasing solar systems for your home or business. Specific incentives include:

A 30% tax credit for photovoltaic (solar electric) and solar thermal systems (solar water heating), concentrated solar power and solar hybrid lighting.

A Tax Credit is not to be confused with a tax deduction, credits are a direct credit against taxes owed. If you overpaid taxes through withholding, it would increase your rebate. If you underpaid taxes for the tax year, it would directly reduce the amount you owe.

Using solar energy can save you money and reduce your direct impact on the environment. financial ncentives are available to help you achieve your goal of energy independence and to reduce your carbon footprint. Below are average samples of savings:

		Solar Electric (Photovoltaic) • 30% Federal Tax Credit • Reduce electric bills 20% to 90% • Run meter backwards with Net Metering Average Sample* List price $33,000.00 Federal -$9,900.00 Your Cost $23,100.00
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		Solar Water Heater (Thermal) • 30% Federal Tax Credit • Reduce water heating bills by 80% • Save 2 tons of CO2 per year Average Sample* List price $4,500.00 Federal -$1,350.00 Your Cost $3,150.00
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		Solar Pool Heater • $0 operating costs, minimal maintenance • Extend swim season up to 12 months! • Reduce your carbon footrprint. No pollution $50 OFF per old panel trade-in with installation purchase. More info.
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		Efficient Water Heater • $300 Tax Credit • Energy efficient. Requires a minimum of .80 to qualify • Gas, oil, or propane heaters qualify Average Sample* List price $1,100.00 Federal -$300.00 Your Cost $800.00
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		Wind Power • 30% Federal Tax Credit • Reduce Energy Bills Average Sample* Installed $14,000.00   Federal -$4,200.00 Your Cost $9,800.00 More Information
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*Many different models, sizes and prices. Please contact us to ensure the system you purchase qualifies for tax credits and/or review information with your tax professional.

Save even more with Utility Company Incentives

Listed below are participating Utility Companies in Florida. To find out about programs in any other state please visit: dsireusa.org

 

State Incentives

For complete rebate information please visit: DSIRE, a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency.

Resources

DSIRE is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency, funded by the U.S. Department of Energy.

IREC - Interstate Renewable Energy Council
The Interstate Renewable Energy Council (IREC) is a premier resource for current information, education, credentialing and best practices regarding renewable energy.

» The Solar Investment Tax Credit Frequently Asked Questions

» U.S. Department of Energy Tax Breaks

 

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