Plumbing & Mechanical Magazine
 Home
 Subscribe
 e-Newsletter
 MicroSites
 Archives
 PM Digital Edition
 Latest News
 Green
 Vendors & Suppliers
 New Products
 Columns
 Blogs
 Videos
 Online
 Best Contractor To Work For
 Best Looking Truck Contest
 Calendar
 Events Photo Gallery
 Tool-Tips
 Buyer's Guide
 How To Corner
 Manufacturers' Rep Locator Directory
 Classifieds
 Career Search
 Webinars
 Resources
 Current Issue
 Ad Index
 Showrooms
 Water Info Library
 Market Research
 AEC Store
 PM Special Collections
 Radiant Flooring Guide Directory
 Solar Thermal Report
 Digital Radiant Flooring Guide
 Radiant Heating Report
 Industry Links
 Subscription Customer Service
 PM Info
 Contact Us
Search in: EditorialProductsCompanies
Stimulus Package Removes Cap On Residential Solar Thermal

February 17, 2009

ARTICLE TOOLS
EmailEmailPrintPrintReprintsReprintsshareShare



The almost $800 billion economic recovery bill includes a bigger tax break for residential solar hot-water installations.

Homeowners already could take a tax credit on up to 30 percent of the cost of a solar hot-water system installation, but the total amount was capped at $2,000. The economic stimulus bill, expected to be signed by President Barack Obama today, removes the cap.

This puts residential solar thermal systems on par with residential solar PV. Last year, a massive financial industry bailout bill renewed the federal tax credits for both solar PV and thermal for eight more years. However, a separate provision lifted a $2,000 cap on the federal tax credit for solar electric systems for homes.


Links

|PrintEmail

Did you enjoy this article? Click here to subscribe to the magazine.





BNP Media
© 2010 BNP Media. All rights reserved. | Privacy Policy