It is true that free money exists to prompt people to learn how to save power as well as produce power on their own. With the expensive prices of solar energy, the government has provided a lot of solar energy incentives to make it a lot less expensive. Even if you have put in a solar energy system for your home, you will be amazed to find out that you can still get a lot of the incentives that could help you to get back a little of your original purchase.
There are also a lot of other kinds of alternative energy incentives and as well as energy efficiency incentives that you might be able to get also. But for the purposes of this article, we will discuss solar incentives.
Federal Solar Energy Incentives
The government wants to provide a thirty percent of the price of your home solar power system, which will include the price of the labor to install it, getting the site ready, installing it and the wiring. When it comes to solar power, these incentives take care of both solar electric portions in addition to water heaters. The price continues to rise, but this is money that the government is giving to you so that you will begin a solar energy system at home.
What makes this even sweeter, is that it does not have a cap on the amount of money that you are eligible as long as you have put in your system by 2009 or later. If you put in your system before 2009, then you have to abide by the incentives that were supplied during this time, which are thirty percent, but with a cap of two thousand dollars. Since this incentive is given as a tax credit, you are allow to carry over any additional credit to the following year’s taxes so that you are guaranteed that you get the full thirty percent that you are eligible for. These federal solar energy incentives were originally introduced by the Energy Policy Act of 2005 and later continued by the American Recovery and Reinvestment Act of 2009, which is supposed to end 2016.
There are a lot of people who think that the decreasing prices of solar panels and cells will ultimately make the government get rid of these wonderful incentives. Due to the fact that these prices are decreasing and they still exist, this is one of the best periods to make solar power purchases. If you are truly attracted to this idea, but you still are not able to budget for these decreasing prices, you might be able to apply to one of the federal programs and get a loan.
State Solar Energy Incentives
There are also a lot of state solar power incentives that you might be able to take advantage of. But, every state is different. You can go to this site and it will list each of the states and their incentives.
More Solar Power Incentives
In addition to the money that you can obtain for utilizing solar energy, there are more incentives that might not aid you when it comes to budgeting, but they are still very effective. No one can debate that the universe is experiencing an energy problem and that we consume power at fast rates, which will eventually have a severe effect on the environment.
When you use solar energy, you are doing the right thing. This will set an example for others to follow and help to move towards a healthy and prolong the environment. The extra solar power incentives are not going to help you budget well, but it will make you feel good.