Tax Credits
The global trend toward promoting growth within the field of renewable energy, solar power in particular, is that government sponsored tax credits and/or rebates are becoming more common in individual countries or regions.
If you are a US resident you may find this link helpful: http://www.dsireusa.org/
DSIRE is a comprehensive source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency. Established in 1995, DSIRE is an ongoing project of the NC Solar Center and the Interstate Renewable Energy Council funded by the U.S. Department of Energy.
Tax Credit example from USA:
| You can get US federal tax credit for buying solar on Part III of Form 3468. Below is an example of the breakdown for that credit (please note prices are random examples): | ||
| Solar Panel(s) | = | $2,600.00 |
| Batteries | = | $1,000.00 |
| Total | = | $3,600.00 |
| Total on line 11b of IRS Form 3468 is $3,600.00 x 30% = $1,080.00. |
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| *The basic federal tax credit for the
United States is 30% of the purchase price. Total savings may be
higher depending on additional allowances provided by each state.
Check with your particular state for these allowances. |
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Helpful Link |
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Use the following link for general instructions and the 3468
form: |
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Disclaimer: |
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