Choosing to install solar panels in your
Sacramento area home come with many benefits. Solar panels can generate energy
for your home by harnessing the power of the sun, lowering your dependence on
non-renewable sources. If this isn't enough, the tax credits available to you
when you go solar may just be the cherry on top.
Residential Renewable Energy Tax Credit
Installing solar panels may qualify you for the Residential Renewable Energy
Tax Credit. As a Federal tax credit, this means that the money can be taken off
from your tax payment, and will not be a deduction from your actual taxable
income. You can take off up to 30 percent of the cost of going solar from your
tax payment for the year you installed your solar powered systems. This essentially
makes the cost of going solar up to 30 percent cheaper! The Residential
Renewable Energy Tax Credit is available until the end of 2016, and there is no
dollar limit to the tax credit. However, there are exceptions to the credit and
it is best to discuss this with your tax accountant and your solar installation
expert.
Go Solar California
Go Solar California is a campaign from the combined effort of the
California Public Utilities Commission and the California Energy Commission. To
encourage California residents to install solar energy systems in their homes,
Go Solar California partnered with energy and utility companies to offer solar
rebate programs. There are several incentive levels available, and they all
have different qualifications. To learn about which rebate programs you might
qualify for, it is best to speak to your solar installation expert and read
through the Go Solar California website.
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