Aug 22

Residential Solar Incentives

There are some really cool federal individual income tax credit and production incentives for the purchase of solar electricity generating equipment. The attached article provides a general summary, applicable to residential purchases, of some of these benefits. In the right individual circumstances, a fairly quick payback period can be obtained.

Once a system cost has been recouped, you will have the on-going benefit of a significantly reduced electricity bill. In certain cases, with the use of net metering, your annual residential electricity cost may be $0.

It is worth a look! Please let us know if you should have any questions or want to complete some personalized tax planning.

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