Take advantage of state and federal tax credits for utilizing renewable energy
 The Energy Policy Act of 2005 created the first residential tax credit for solar in 20 years and expanded the commercial tax credit.Under the Energy Policy Act of 2005, consumers can claim the 30 percent tax credit foronly two years -- 2006 and 2007.
However -- NEWS FLASH -- legislation was introduced April 28 to extend the tax credit for an additional eight years.
CLICK HERE to read the story at www.renewableenergyaccess.com
First of all -- what exactly is a tax credit? It's a dollar-for-dollar reduction of your federal tax burden. If you owe $2,500 in taxes, a credit of $2,000 reduces your tax bill to $500
 The system supplies only enough hot water to the heating unit to heat the home or building. Energy efficiency is maximized and you save energy dollars. Heating more water than you need to have wastes your energy dollars and drains your pocket book.
Radiant heat requires less fuel to heat because it is energy efficient. Added value is experienced when it is integrated with other non-conventional heat sources like solar and wood boilers.
Is Radiant Heat right for you? Below is more information regarding Radiant Heat, its implementation and installation.
| Details of the new federal tax credit |
- Provides a tax credit of 30% of the cost of the parts and labor to install them. Maximum credit is $2,000, so the credit is only good on purchases less than $6,667
- Credit applies to all solar power and solar thermal systems.
- What exactly is a tax credit? It's a dollar fordollar reduction of your federal tax burden. If you owe $2,500 in taxes, a credit of $2,000 reduces your tax bill to $500
- If you install both types of systems, you get double the credit (in other words, it's a 30% tax credit on each)
- Does not apply to swimming pools. However, if you use the solar thermal system to provide domestic hot water or heat to your home, it does apply.
- Currently applies for all RE systems installed in 2006 and 2007
- Solar hot water collectors must be rated by the Solar Rating Certification Corporation (SRCC). There is no certification requirement for photovoltaic property
- To qualify for the residential solar tax credit, the property must be used as a residence by the taxpayer (Note: The IRS does not specify that the residence is the primary residence of thetaxpayer)
- Sealed combustion
- Environmentally friendly
- What exactly is a tax credit? It's a dollar fordollar reduction of your federal tax burden. If you owe $2,500 in taxes, a credit of $2,000 reduces your tax bill to $500
- 12 year limited warranty
- Operates at low supply temperature
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