Wow! The new 2009 law gives you uncapped and unlimited tax credits for installing qualified solar, wind, or geothermal energy improvements in your home, vacation home, or other residence.
For each 2009 qualifying solar, wind, or geothermal dollar you spend, you earn a 30 percent tax credit. There’s no limit on the dollar amount of the credit, so feel free to spend away. You don’t have to rush either; this credit does not expire until after midnight on December 31, 2016.
Tax credits are the best! They reduce your taxes dollar for dollar.
The new law also continues the old fuel cell tax credit. We give you details on that uncapped tax credit later in this article. For now, let’s focus on the new uncapped and unlimited solar, wind, and geothermal expenditures and credits.
You immediately notice four big benefit differences in the solar, wind, and geothermal tax credits when compared to the homeowner’s energy credits discussed ... Log in to view full article.