- Exterior windows and skylights
- Exterior doors
- Certain roofing materials
- Storm windows
- Storm doors
- Certain water heating equipment
- Main air circulating fans
- Central air conditioners
- Gas, oil or propane furnaces and hot water boilers
- Air-source and geothermal heat pumps
Homeowners can harness the sun's energy for even larger tax credits. Credits up to 30%, capped at $2000, are available for qualified photovoltaic systems, fuel cells and solar water heating systems. For the latter, only solar components and not the entire water heating system can be claimed. The solar-heated water must be used within the residence, so tell your clients not to plan on the IRS' help in heating their hot tubes and swimming pools. Qualified systems must be placed in service between January 1st, 2006 and December 31st, 2008.
Consult a tax professional regarding IRS regulations.
For a general summary, visit:
It's important that we continue to promote solar electric, but I'm not in favor of subsidizing on a Federal level and don't like the idea of it on the state level either. Let's not forget that Oil and other competing energy is subsidized as well. Solar failed to launch in the 70s because oil companies drastically reduced their prices to keep us addicted to cheap fuel. Oil interests are well aware that they can't buy the sun. So preventing solar electric from becoming popular and used enough so that prices will drop is their goal. Why do you think Gov. Schwarzenegger has been touring around opening Hydrogen pumps with Shell? Using tax payer money to promote a terrible fuel solution. They want to keep you hooked on their fuel no matter what the cost. Hydrogen power currently uses more power to produce the fuel then you get out of it. With solar electric or electric in general, you won't depend on coal plants for your housing power or on Shell to fuel your vehicle and it will even help local utility companies to manage brown and blackouts. Just plug into your home system and away you go. - evan
This is the future for a freer REPUBLIC (not a democracy) of the United States of America.
Written by, Evan T. Little
Volkl Investments Inc.
My other blogs:
Orange County, CA Community
Real Estate in Orange County, CA