As part of H.R. 1424, a number of tax incentives are designed to encourage both individuals and businesses to invest in solar energy. Among the incentives are eight-year extensions of the 30 percent business and residential solar investment tax credits. The current $2,000 cap on qualified residential solar electric property expenditures will be removed January 1, 2009.

Learn more about federal tax credits for energy efficiency and what you need to do to qualify.

Credits at a Glance

• Business and Residential Solar Credits extended through 2016
• Businesses and taxpayers receive tax credit for 30 percent of system cost
• $2,000 cap removed January 1, 2009 for residential photovoltaic systems (but not solar water heaters)

Visit www.seia.org for more information about solar energy and related tax credits.