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And the solar energy tax credit includes eligibility for heating and cooling, not just power
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And the solar energy tax credit includes eligibility for heating and cooling, not just powerHubPages, 2013 – a tax advice website (“Federal Solar Energy Investment Tax Credits for 2012, 2013” http://creditguide.hubpages.com/hub/Federal-Solar-Energy-Investment-Tax-Credits Federal Solar Energy Investment Tax Credits The solar energy tax credit began in 1978 and allowed you to claim a tax credit for solar energy purchases. It remained at the 15 percent credit until 1986 when it was reduced to 12 percent and was again reduced to 10 percent in 1988. In 2005 the energy policy act was put in to place and allowed for a 30 percent tax credit of up to $2,000.00. This act was set to expire as of December 31, 2008 but received an 8 year extension. The $2,000.00 cap will also be lifted on solar purchases after December 31, 2008. So it may be a good time to consider using solar energy in your home. AMT & Solar Energy Credits Effective December 31st, 2008 alternative minimum tax (AMT) filers will be able to also apply for the solar investment tax credit as well. This credit was not previously available to AMT filers. Qualifying Solar Equipment
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