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Tax Credit Solar Heater Wind Energy
Solar Systems for Water Heating and Electric Generation
Tax credits are available for solar water heating systems and also systems that produce electricity for use in a residence (photovoltaic systems). Photovoltaic systems (PV systems) convert sunlight into electricity when sunlight comes in contact with silicon. PV systems are becoming more common on residences to provide the electricty needed to power the home. For more information please visit the U.S. DOE National Renewable Energy laboratory web site at: www.nrel.gov/ learning/ho_photovoltaics.html. The credit is available for the heating of domestic hot water only for use in the residence and not for swimming pools or hot tubs. Homeowners are eligible for up to 30 percent of the cost of the system.
Small Wind Energy and Fuel Cells
Credits are available to homeowners who install qualifying systems for small-scale wind energy generation and fuel cells (see Figure 8). The wind generation must have a maximum name plate capacity of not more than 100 kilowatts (kW, see Table 9). Tax credits for wind energy are available for up to 30 percent of the total cost.
Visit the U.S. Departmernt of Energy’s Wind and Hydropower Technologies web site for information on small wind generation systems: www.eere.energy.gov/windandhydro. This site contains information and guidance on ensuring that installing the small-scale wind generation is right for your site.
Fuel cells are an advanced technology to generate electricity at the site of use through a chemical reaction using hydrogen and oxygen. Fuel cells produce water as a by-product. The electric current produced by the fuel cell can be used to power your house. Table 10 lists the minimum criteria for meeting the tax credit and the corresponding available tax credit. To qualify for the fuel cell credit, the new home you are building must be planned as your principle residence.
For more information on fuel cell technology, visit the U.S. Department of Energy’s Hydrogen, Fuel Cells and Infrastructure web site at: www.eere.energy.gov/hydrogenandfuelcells/. The web site also contains information on safety codes and standards that apply to the installation of fuel cells and the safe storage of hydrogen gas.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Tax Credits for Solar Water Heating Systems and Qualifying Systems for Small-Scale Wind Energy is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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Northeast Refrigeration & Air Conditioning CO. has been proudly meeting the heating and cooling as well as all the HVAC needs of businessess and homeowners in Albany NY for over 25 years.