Solar Thermal Incentives
Solar Thermal Federal Tax Credits, Grants, State Tax Credits, 0% Loans, Utility Rebates Available
Solar Thermal Systems are eligible for a 30% Tax Credit of the total installed cost of the system for individuals and commercial installations.
Grants are available to businesses in lieu of the tax credit and covers the cost of “Depreciable or Amortizable Property”, the Gant is sent within sixty days of the system being placed in service or from the time the application is received by the Department of the U.S. Treasury.
State Tax Credits are available for residential installation in the amount of 15% of the system up to $1,000 of the cost of the system.
0% Loan programs are available for residential and multifamily dwellings for Solar Water heating systems and many other improvements to building efficiency.
The terms are 0% for loans $2,000 to $10,000 for a period of up to 7 years!!
Utility Rebate Program is available for residential, multifamily dwellings, and commercial installations in lieu of the 0% loan program. This program is only available to participants that are natural gas customers. Rebate amounts vary per utility provider.
Consider the advantages of year round water heating with a Solar Thermal System. It will provide instant equity and return on investment is reached in 8-10 years. You will also have made a smart and environmentally friendly investment that will provide 30 to 40 years of service with minimal maintenance!!!
View the 2009 Solar Hot Water Incentive Application (PDF)
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