investment tax credits

2009 Updates and Trends – IREC

Submitted by Todd Costello on Wed, 03/03/2010 - 16:01.

This report was from the Interstate Renewable Energy Council (IREC) Annual Meeting in October, 2009. The report is broken down to cover state incentives & policy trends, solar installation trends, net metering & interconnection updates & trends, and workforce development and training.

The Cap is Gone

Submitted by Baerbel Epp on Fri, 02/20/2009 - 22:25.

U.S. President Obama's signature on the American Recovery and Reinvestment Act effectively removed the existing US$2,000 cap for the tax rebate of residential solar thermal systems. Whoever buys a new solar thermal system in 2009 can deduct 30 % of the investment costs from his or her income tax – giving a significant advantage to applications for space heating or air conditioning.