GOOD NEWS FOR ALL WHO ARE LOOKING TO GO SOLAR!!!
GOOD NEWS FOR ALL WHO ARE LOOKING TO GO SOLAR!!!
The Tax Credits that were due to expire have been extended and expanded to save you even more money. Now if we can get our city to follow the example of Palm Desert, we?ll have a cost effective financing plan to avoid the initial investment. Please contact us if you want to join the list of interested buyers so we can get a better group discount. Here are more details?
Federal renewable energy tax credits, which had been set to expire at the end of this year, are considered critical to helping solar power compete with electricity from dirtier sources such as coal and fossil fuels. The Senate’s failure to extend the subsidies on eight occasions earlier this year put a major damper on solar stocks as investors fretted a lack of government support would cause U.S. solar demand to slump next year. "The solar industry wins big in this bill," Raymond James analyst Pavel Molchanov said in a client note, pointing to the bill’s provision allows utilities to claim the tax breaks.
In addition, the bill eliminated a $2,000 cap on tax credits for residential solar systems. "The bill therefore opens the door to vastly greater domestic adoption of solar power within the residential and utility markets," Molchanov wrote.
The renewable tax credits measure, which is expected to be approved by the House of Representatives and President George W. Bush, gives businesses a 30 percent tax credit to offset the development costs of solar and other clean energy projects.