Solar Rebates | 30% Tax Credit.
The American Recovery Re-investment Act of 2009
On February 17, 2009 President Obama signed the American Recovery and Re-investment Act of 2009 into law. With a significant emphasis on renewable energy technology namely Wind and Solar, employment and job expansion, the bill improved upon the 2008 tax credit by removing “cost caps”. The tax change allows consumers and small businesses to take a 30% tax credit off the installed cost of a Solar installation. To a home or business purchasing a solar power system, the re-investment act will double their credit. Businesses will also have the option of receiving their credit in the form of a cash grant. Click here to learn more about solar power lending.
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Professional Solar Design
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