Federal IncentivesAny business that installs a solar electric system on its property after December 31, 2008 is eligible for a 30% Federal Tax Credit on the total installed cost of the system, no maximum limit beginning in 2009. In addition to this credit, the business may take advantage of the 5-year accelerated depreciation schedulefor the solar system. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year.
A complete list of incentives for solar nationwide can be found at dsireusa.org |
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