An Inside Look at Federal Solar Tax Credits
New Report Explores the Value of New and Expanded Federal Tax Credits for Photovoltaic Systems
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April 4, 2006 Photo: Spire Solar Chicago |
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April 4, 2006 Photo: Spire Solar Chicago |
Interestingly, the report notes that few state or utility PV programs have so far reduced the size of their grants to account for the extra value provided by EPAct's tax credits. Those few that have taken action have not reduced grant size to the full extent possible, thereby leaving system owners better off than they were prior to EPAct, even despite a lower rebate level.
Berkeley, California [RenewableEnergyAccess.com] Since the start of this year, the Energy Policy Act of 2005 (EPAct) has provided a financial boost to photovoltaic (PV) system purchasers by implementing a new 30% residential tax credit, and increasing the existing 10% commercial tax credit to 30%. The economic value of these new and expanded federal credits to system purchasers, however, is not at all straightforward, and depends on a variety of factors, according to a new report released by the Lawrence Berkeley National Laboratory, in conjunction with the Clean Energy States Alliance (CESA).
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