Tax Credits
There are significant “Renewable Energy Tax Credits” for 30% of the costs of major energy installations. These credits are unlimited, and include labor on installation for the following:
- Solar Water Heaters
- Solar Panels
-
Geothermal Heat Pumps
-
Small Wind Turbines
-
Fuel Cells
The 30% credits decline through 2021, and are as follows:
- 2017: 30%
- 2018: 30%
- 2019: 30%
- 2020: 26%
- 2021: 22%
The installations must be installed in a home you own and use as a residence (no rentals, but second homes qualify).
If you click on the following link you will find all of the current offers
available:
Database for State Incentives for Renewables & Efficiency
