Federal Tax Credits Available for Solar Purchases!
Current U.S. tax code provides for up to a 30% tax credit on batteries, panels, inverters, wiring and any installation costs associated with the solar purchase through 2016.
The Tax Code is HR-1424. Remember that this is a tax credit and not simply a deduction. A credit reduces your tax liability in a dollar for dollar reduction in the money you owe that tax year.
The IRS form can be found by clicking here.
There are also incentives and credits available from some of the individual States and Power Companies for installing Solar devices.
State tax incentives can be found for individual states at www.dsireusa.org.
