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Solar News
Food for Thought: Make sure the federal solar tax credit will be useful to you.
Food for Thought: Make sure the federal solar tax credit will be useful to you.
Food for Thought: Make sure the federal solar tax credit will be useful to you.
The San Diego Union-Tribune
April 13, 2016
3:39 PM
https://www.sandiegouniontribune.com/sdut-solar-tax-credit-2016apr13-story.html
Solar Energy News
Food for Thought: Make sure the federal solar tax credit will be useful to you.
Food for Thought: Make sure the federal solar tax credit will be useful to you.
Check out SolarDaily for scientific updates and news!
Solar Research News
Food for Thought: Make sure the federal solar tax credit will be useful to you.
Solar Research News
https://www.sciencedaily.com/news/matter_energy/solar_energy/
Check out Science Daily for the latest scientific breakthroughs in solar and many other fields.
Federal Tax Incentives
Federal Tax Incentives
The US Federal Government offers a solar energy tax credit, applicable to your primary and second home, i.e. your RV or Boat! As long as there is a head and galley onboard and it is docked/parked in the United States, your vessel/RV qualifies.
"Solar PV systems installed in 2020 and 2021 are eligible for a 26% tax credit. In August 2022, Congress passed an extension of the ITC, raising it to 30% for the installation of which was between 2022-2032. (Systems installed on or before December 31, 2019 were also eligible for a 30% tax credit.) It will decrease to 26% for systems installed in 2033 and to 22% for systems installed in 2034. The tax credit expires starting in 2035 unless Congress renews it.
There is no maximum amount that can be claimed."
-Source: Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics | Department of Energy
Find the latest version of IRS Tax Form 5695 and Instructions here:
State Tax Incentives
North Carolina Tax Incentives
North Carolina residents, there are currently no personal property state tax incentives available for installing solar. Previous tax incentives required an application and fee to the NC DOR by Oct. 1, 2015 and installation to be completed before Jan.1, 2016.
Effective Jan. 1, 2016 all solar tax incentives were repealed (or sunset). See details under N.C.G.S. 105-129.16A here:
https://www.lawserver.com/law/state/north-carolina/nc-laws/north_carolina_laws_105-129-16a
Ask us before you finance, we can save you interest by keeping system and installation pricing affordable and practical!
South Carolina Tax Incentives
South Carolina residents, see your possible solar tax incentives and download your solar incentive tax form here:
http://www.energy.sc.gov/lpage?m=701
Check out the SC DOR page on Tax Credits here:
https://dor.sc.gov/about/tax-credits
Ask us before you finance, we can save you interest by keeping system and installation pricing affordable and practical!
Virginia Tax Incentives
Virginia residents, at this time there are no state solar tax incentives available.
For questions about permits for small, personal/residential use solar systems see:
Virginia Department of Environmental Quality Small Renewable Energy Projects (Solar) Permit by Rule.
Use link here: https://law.lis.virginia.gov/admincode/title9/agency15/chapter60/section130/
Excerpt from above linked document:
Virginia Administrative Code
Title 9. Environment
Agency 15. Department of Environmental Quality
Chapter 60. Small Renewable Energy Projects (Solar) Permit by Rule.
Part III.
9VAC15-60-130. Small solar energy projects less than or equal to 5 megawatts OR less than or equal to 10 acres OR meeting certain categorical criteria.
"A. The owner or operator of a small solar energy project is not required to submit any notification or certification to the department if he meets at least one of the following:
1. The small solar energy project has either a rated capacity equal to or less than 500 kilowatts or a disturbance zone equal to or less than two acres..."
To read the entire document go to: https://law.lis.virginia.gov/admincode/title9/agency15/chapter60/section130/
***You may still want to check with your local city and county permit office.***
Ask us before you finance, we can save you interest by keeping system and installation pricing affordable and practical!