Wednesday, February 18, 2009

Q: What about solar and geothermal systems?

A: 30% of the total installation costs of solar hot water, solar electricity, wind generation, and geothermal heatpumps can now be recovered as a tax credit without any dollar limitations. For these technologies only, installations for new construction do qualify.
Posted by Talbot Gee at 12:11 PM

3 comments:

  1. tsaFebruary 19, 2009 at 2:48 PM

    Is Geothermal residential only and is Geothermal replacement only

    ReplyDelete
  2. Talbot GeeFebruary 21, 2009 at 5:12 AM

    Geothermal and other on-site generation systems such as solar electric and solar hot water heating also qualify up to 30% of total installation costs for new construction.

    ReplyDelete
  3. razorbakMarch 14, 2009 at 7:28 AM

    Are yuou able to doucument IRS compliance with this interpretation of the 2009 reinvestment act?

    ReplyDelete

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