Investment Tax Credit

Residential solar systems are now eligible to receive a 30% Investment Tax Credit (ITC). For systems placed into service in 2009, homeowners are eligible to receive a tax credit for 30% of the system cost (after rebate cost). The Economic Stabilization Act of 2008 extended the Renewable Energy ITC until 2016, and included relief from previous Alternative Minimum Tax restrictions.

For residential renewable energy systems installed from January 2006 through December 2008, the federal government offers an Investment Tax Credit (ITC) of 30% of the net system cost, up to a ceiling of $2,000.

Please contact an ACL Energy Consultant to learn more about Financial Incentives you may be eligible to receive.

Residential Financial Incentives

There has never been a better time to go “Green”. Significant financial incentives are available from the State and Federal governments to encourage investment in renewable energy. Utilizing strong state rebates and the most generous Renewable Energy Investment Tax Credit in a generation, homeowners can now install solar/geothermal systems that pay for themselves in as few as 7 years. The $2000 cap has been removed for systems placed into service in 2009.