How to Get Tax Rebates for Your Solar Hot Water Heater How to Get Tax Rebates for Your Solar Hot Water Heater
Using solar power in he home is becoming very popular in the US, and the government offers initiatives on everything from geothermal units to a solar hot water heater. These initiatives are often found under the name ENERGY STAR, and will allow a certain percentage off of the cost of buying and installing a solar hot water heater.
Getting a Rebate for a Solar Hot Water Heater
There are a number of ways in which you can go about getting tax rebates on the cost of installing a solar hot water heater. First, there are national initiatives such as the American Recovery and Reinvestment Act, which will provide a 30 percent tax credit for homes with a solar hot water heater system. These tax credits can be claimed after the work of installing a solar hot water heater is completed, with a $2,000 cap on claims.
In order to qualify for a tax rebate for a solar hot water heater, half of the hot water must be generated by the solar panels, and the panels themselves must be certified by the SRCC. In addition, the rebates only apply to heating pools or Jacuzzis.
You can apply for your rebate online at the Federal Tax Credits website, which will direct you to the appropriate tax rebate form.