NOTE: This information is possibly outdated. Please reference our incentives page for current information.
As of January the 1st the latest round of Federal Income Tax Incentives for solar installations are in effect and have been extended for 8 years.
So what’s new? For photovoltaic systems, the $2,000 cap has been removed. You can now claim 30 percent of the system price as a Federal Income Tax Credit! Sadly for the thermal systems, the $2,000 cap is still in place. If you don’t use the entire tax credit in one year you are allowed to carry over the balance for one year.