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2009 marks increased discount for solar energy


image credit “SMA Solar Technology AG”

Well, its 2009 and everyone is worried about the economy as we conclude last year. Although today, marks a highly anticipated day for customers considering to lower their energy bills in 2009. Late last year the congress extended and increased the federal tax credit for people who install solar panels to generate electricity or provide heat.

Starting January 1st, 2009 homeowners in the USA can tax a full 30% tax credit off the final installed cost of a solar energy system. For people with a taxable income, the return on investment for solar energy systems subsidized through a 30% tax credit is going to make solar a very attractive investment. What do you think? Will the increased residential tax credit for the next 8 years encourage more people to use solar energy technologies on their homes?

Author: Deep Patel

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