Posts Tagged ‘rebates’

Now is the Ideal Time for Solar, Says Deerfield, NH Customer

Thursday, September 2nd, 2010
Deerfield, New Hampshire - Solar Electricity
This 3.2kw solar electric system will offset roughly 6,603 lbs of C02 annually. That’s the equivalent of planting 33 trees or reducing 12,000 miles of car travel.

For Maureen Quinn, energy efficiency and conservation is a key part of owning a home.

She had been thinking about solar for years, but the generous state and federal incentives made it easy for her to get started. “Now seemed to be the ideal time for me to make it happen,” she says.

Quinn met ReVision’s Will Kessler at an open house, where she had the opportunity to see the systems up close and get a feeling for how the process went. After a complimentary site visit, Will designed a 3.2kw grid-tied solar electric system to be installed on her south-facing roof. The project specification, according to Quinn, “compared favorably with the competition, particularly in regards to experience and price.”

Saving Green by Being Green

Quinn reports that ReVision’s installation team “exceeded my expectations completely” and had the system running in only two half days. Now she’s enjoying keeping tabs on how much energy she’s sending back to the grid!

“I love saving money every month by using the power of the sun instead of fossil based fuel to power my home,” she says. “It is great to keep some green for being green!”

Maureen’s system will produce roughly 4,402 kilowatt hours of clean, renewable electricity annually, offsetting 6,603 lbs. of CO2 emissions. The 3.2kw system will generate roughly 65% of her home’s total electricity.

Don’t Forget to File! Get the 30% Federal Tax Credit for 2009 Solar Installations When You File Your 1040

Tuesday, March 9th, 2010

Federal Tax RebateIt’s tax time, and while that’s a cause for groans from many, you can be happy if you finished installation of a solar energy system in 2009!

The Energy Policy Act of 2005 was greatly enhanced in February 2009 by the federal stimulus plan, which eliminated a $2,000 cap on the federal tax rebate for solar electric systems. The current federal tax credit for solar hot water and solar electric is 30%, with no upper limit.

Unlike state cash rebates, you apply for the federal tax credit when you submit your regular 2009 personal income taxes.

Here’s a link to the IRS Form 5695 that you’ll need (PDF): http://www.irs.gov/pub/irs-pdf/f5695.pdf.

While ReVision Energy can’t offer you tax advice, we encourage you to read up about the tax credit at DSIRE and consult with your tax advisor about the best way to file for the tax credit.

Also, this act has been extended through 2016, so you have time in 2010 to take advantage of this great incentive!

Contact us with any questions you have about solar rebates.

Federal Stimulus Package Means Better Tax Credits for Homeowners Seeking Solar Power or Solar Hot Water

Wednesday, March 4th, 2009

Recently the President signed into action The American Recovery and Reinvestment Act (ARRA). This bill, devoted to tax cuts and infrastructure projects, lifted the cap on the federal tax credit for residential solar hot water systems! The federal tax credit, originally capped at $2,000 is now 30% the total cost of the job. The act allows one to take the full 30% regardless of state rebates or financing.

Eliminating the cap for solar hot water systems will help make an investment more affordable and decreases the amount of time it takes for these systems to pay for themselves through energy and fuel savings. The changes to the tax credit for solar hot water in the stimulus bill match the federal tax credit already in place for solar power (PV) systems.

Another great piece of news is that when the stimulus package was signed into action a tax credit became available for high efficiency wood boilers. The new tax credit is 30%, up to $1,500 per household, for the purchase in 2009 and 2010 of a 75% efficient biomass-burning appliance.

If you would like to know more about how you can take advantage of the new stimulus bill, please contact ReVision Energy to get a quote for a system today!

Spring is approaching and there is no better time than now to think about a renewable energy system; start saving, and start reducing your dependence on fossil fuels.