07 Jul '11, 8pm

Update on Recent State and Utility Solar Water Heating Incentives

Update on Recent State and Utility Solar Water Heating Incentives

Let’s face it. Incentives help make the case for solar technologies, whether it’s solar water heating systems or solar electric. The Free Hot Water blog previously wrote about the current national solar thermal incentives, but here they are again, briefly: Both residential and commercial solar thermal systems are eligible for the 30% Federal Tax Credit , though they’re calculated differently. Commercial (tax paying) businesses are also eligible for the Federal 1603 Tax Grant program , which converts the tax credit into cash. (Remember that this program is set to expire at the end of the year.) Businesses also receive Federal Modified Accelerated Cost-Recovery System (MACRS) tax deductions, explained here . Of course, state incentives change more often than Federal incentives, so here’s an update on the latest solar water heating rebates from the last 6 months or so. Florid...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2011/07...

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