Solar consumers are eligible for federal tax incentives for the purchase and installation of eligible solar systems, including both solar photovoltaics (PV) and solar hot water (solar thermal) systems, as well as other renewable energy investments.
Offset the cost of the system by using State and Federal Incentives, Tax Credits, and by reducing or even eliminating your Electric Bill through our Energy Saving Solutions and Power Generating Systems
- Please contact us for a Free Phone Consultation on Alternative Energy System Proposals.
We will provide you with a Case based Energy Audit and analyze your eligibility for Incentives and Tax Credits.
We will guarantee the Incentives and Tax Credits and provide a Case based Financial and Cash-Flow Analysis as well as alternatives in Free Cash-Flow through CA solar public and CA private loan programs
Benefits to you:
- Lower your Monthly Electric Bill or even Completely Eliminate your Energy Bill
- Offset the cost of the system installation
- Take Advantage of State Rebates & Federal Tax Incentives
- Add value to your real state with your self sustainable alternative energy installation
- Be informed about a vendor’s reliability
- Be Green: Reduce the size of your carbon footprint by utilizing renewable alternative energy
- Reduce Reliance on Foreign Energy
Guaranteed Savings, Go Green!!
Solar tax credits were enacted in 2008 as part of the Emergency Economic Stabilization Act, which included $18 billion in incentives for clean and renewable energy technologies, as well as for energy efficiency improvements. The 2008 legislation extended the solar investment tax credit (ITC) through December 31, 2016 and made other modifications to the tax credits. The solar ITC offers:
- A federal investment tax credit for residential consumers is available for both photovoltaics and solar water heating systems.
- Prior to 2009, residential solar installations had a per project cap of $2,000 tax credit. As of 2009, the solar ITC for residential system owners is 30% of the total system cost.
- The federal tax credit is a one-time credit, but may be carried forward (and possibly back) if not completely useable in the system installation tax year. Rules about carrying forward and backward may vary between residential and commercial tax filers; please consult a tax professional for the current rules.
- Eligible projects may take a “grant in lieu of tax credit” under Section 1603 of the American Recovery and Reinvestment Tax Act of 2009 (Section 1603). The 1603 grant program is administered by the United States Department of the Treasury (Treasury). By receiving payments for property under section 1603, applicants are electing to forego tax credits with respect to such property for the taxable year in which the payment is made or any subsequent taxable year.
- Residential customers in higher income tax brackets see comparatively more value because residential electricity expenses are paid with after-tax dollars—they aren’t tax deductible.
- The IRS current federal tax form for the Investment Credits is Form 3468 is available at www.irs.gov/formspubs.
Guaranteed Savings, Contact Us!
Center for Alternative Energy
PO Box 73861
Davis, CA 95617
916-248-5690
toll-free 866-978-5014
info@centerforalternativeenergy.com
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