Going solar can help you save money while receiving tax credits for going green.
- Savings Every Month. A Sharp solar electric system powers your home so you use considerably less electricity from the public utility.
- Hedge Against Rate Hikes. Offset energy prices and unpredictable rate hikes by generating your own free power for decades.
- Protect The Environment. Most electricity is generated by burning coal that emits pollutants into the atmosphere. Solar electricity comes from a clean and renewable source—the sun.
- Reliable Power. As a world leader in solar manufacturing, Sharp solar modules generate power for decades and are backed with a limited 25-year warranty on power output.
- Increased Property Value. Solar is a smart upgrade that makes your home more desirable and valuable.
We at iElectronics.com are pushing solar energy to Missouri law makers. With the efforts of ielectronics.com hopefully the state of Missouri will sponsor enhanced consumer tax credits for investing in this technology. Solar makes great financial sense. If your monthly bill is more than $100, you could save money every month with a Sharp solar electric system. Even if you finance the cost of your system, the loan payment plus your new, lower electric bill will usually be less than your previous statement. This means your savings start immediately, and your system will eventually pay for itself. The IRS does allow a deduction for 30% of the cost up to $2000. If you are interested in getting more information about how to incorporate a Sharp Solar electric system in your home, contact us today.
Summary of Tax Credits for Homeowners
The tax credits for all qualified energy efficiency improvements listed below can be claimed by using form 5695 (download form below).
Product Category |
Product Type |
Tax Credit Specification |
Tax Credit |
Solar Energy Systems |
Solar Water Heating |
|
30% of cost, up to $2,000 |
Photovoltaic Systems |
Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement. |
30% of cost, up to $2,000 |
|
Fuel Cells |
Fuel Cells |
Efficiency of at least 30% and must have a capacity of at least 0.5 kW. |
30% of the cost, up to $1000 per kW of power that can be produced |
Click here to download the IRS Form 5696 — Residential Energy Credits