If you are interested in an ENERGY STAR
qualified solar water heater for your home, consider the following before you buy.
It applies to homeowners» purchase of
qualified solar water heaters, geothermal heat pumps and other alternative energy equipment.
Not exact matches
There's also no dollar limit on the separate credit for homeowners who install
qualified residential alternative energy equipment, such as
solar hot
water heaters, geothermal heat pumps and wind turbines.
* must be for taxpayer's principal residence, EXCEPT for geothermal heat pumps,
solar water heaters,
solar panels, and small wind energy systems (where 2nd homes
qualify)
What's more, investing in
solar energy systems, such as
solar water heaters, can help you save money on utility bills and may even
qualify you for a tax credit next year — leading to a bigger refund.
Homeowners who install a
qualifying solar panel system or
solar water heater can receive a tax credit worth 50 percent of the first $ 25,000 of the cost of the system.