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Follow on Google News | Tax Incentives for Solar Power Credit - Deadline Approaching in December 2015Don’t delay! Now is the best time to install a solar panel system so that you can receive your solar tax rebate incentives when you file your federal taxes by April 15, 2016.
By: Camden Renewable Energy Systems If you are thinking about getting out from under your utility company and getting more independent when it comes to energy storage, then now is a great time to get off the grid, and go with the professionals of Camden Renewable Energy Systems located in Camden, NY but proudly serves all of Central NY. Camden Solar or Camden Renewable Energy Systems is a sub-division of the company Camden Group USA, whom currently has an A+ rating with the Better Business Bureau. “We want to inform anyone who is thinking of going with solar power energy to know that these tax incentives are still available for all residents, yet time is of the essence”, states the President of Camden Renewable Energy Systems. The Energy Policy Act was established back in 2005 with the federal tax credit for residential energy property initially only applied to solar-electric systems, solar water heating systems and fuel cells. The Energy Improvement and Extension Act of 2008 have sinceextended the tax credit to encompass the small wind-energy systems and geothermal heat pumps, effective January 1, 2008. A taxpayer is entitled to qualified expenditures for a system that serves a dwelling unit located in the U.S. that is owned and used as a place of residence by the taxpayer, according to U.S. Department of Energy. However, in order to qualify for the solar credit the dwelling does not need to be the taxpayer’s primary, nor only residence. Installation of such solar energy systems must be completed by December 31, 2015 in order to file and receive mentioned credits in 2016. Camden Renewable Energy Systems will go over all details with a complete and free consultation along with their complete energy guide that will define your household’s power to ensure proper installation of solar energy equipment that is a downloadable and printable spreadsheet available on their website. If you want to convert and save money for years to come, give them a call today and make the change for your future! End
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