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conscious evolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 09:20 AM
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Question about solar tax credits
Is the federal tax credit for installing solar power systems a one time credit or can a homeowner use the credit for multiple systems or system upgrades every year?
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Venceremos Donating Member (488 posts) Send PM | Profile | Ignore Sat Mar-07-09 09:40 AM
Response to Original message
1. You can claim multiple systems/upgrades
in different years. For instance, we installed two small wind turbines, claimed one last year and one this year. The deduction is based on kilowatt hours, so you can claim the kilowatts for one system this year, the other next year and so on.
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conscious evolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 09:43 AM
Response to Reply #1
2. Thanks
I have an idea for a business plan that depends on multiple tax credits.
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