Renewable Energy Tax Credits: Ending Soon?

Renewable Energy Tax Credits
The remain months of 2008 are ticking down. The promise of renewing tax credits is very alluring, but to lock-in your guaranteed 2008 credits, renewable energy enthusiasts should start their project before the end of 2008. Remember, residential credits are limited to $2,000. Commercial enterprises have no limit on the tax credit.

Federal Tax Credits for Renewable Energy Systems
Renewable Energy Systems, such as Solar Hot Water Heating systems, and Solar Panels Systems (Photovoltaic Systems) are eligible for a tax credit of 30% of the cost, up to $2,000. (Use IRS Form 5695.)

Solar Water Heating Requirements

• At least half of the energy generated by the “qualifying property” must come from the sun. Homeowners may only claim spending on the solar water heating system property, not the entire water heating system of the household.
• The credit is not available for expenses for swimming pools or hot tubs.
• The water must be used in the dwelling.
• The system must be certified by the Solar Rating and Certification Corporation (SRCC).

Photovoltaic Systems Requirements

• Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement.

Eco-Building Products Renewable Energy Systems
All our systems are SRCC rated and designed to be flexible. Solar Hot Water heating is the most bang for your buck. See our Solar Thermal Systems here. Photovoltaic systems are quickly becoming incomprehensibly difficult to figure out. Please see Eco-Building Products Solar Energy systems for simple, yet very powerful, solar energy systems. We have select the best kits so you can focus on finding the right installer, or installing it yourself without the hassle of matching the perfect inverter to the most perfect solar panels.

Solar Energy Installers, Designers, and Tax Credit Experts
We will install your solar hot water system, your solar photovoltaic system, your wind turbine system, and fill out your Renewable Tax Credit forms for you. We provide accurate rewnewable energy estimates and can fully design you a custom system for you home or business.