Federal Solar Tax Credits
The Federal government has in place a 30% solar tax credit. At the moment, the incentive expires -- drops to 10% -- at the end of 2008.;
Fortunately Legislation is now before Congress that would extend the ITC by 8 years: The "Securing America's Independence Act" (HR 550).
Please take a moment to send an email to your congressional representative: visit www.seia.org for an mechanism to do this.
This site is sponsored by the Solar Energy Industries Association (our national solar energy industry association), who have done a great job over the years lobbying for solar in DC. I tried the site out myself and it worked well (but make sure you fill in the required sender-info carefully, included picking a title, such as Mr., Mrs, Ms., Dr., etc).
This legislation is essential to the growth of all forms of active solar thermal, photovoltaics, and concentrating solar power (CSP). Although we have a state solar tax credit, which is quite good for residential solar installations, our state credit is capped at $9000. The federal solar tax credit has no cap for commercial systems, which means its ideal for large solar systems on the roofs of businesses, and also for large CSP plants.
New Mexico's representatives are particularly influential on federal energy legislation. Indeed, they played a major role in getting the federal solar credits in the first place. Now is our chance to extend these, and give the solar industry the boost it needs to really compete.
