Not only were these credits extended, but the Federal Government has lifted the $2,000 cap and will now pay a full 30% of the total cost of your solar system, in addition to Louisiana’s already amazing 50% credit! That’s free money from the government to the tune of 80% of whatever solar PV or solar domestic hot water systems you buy for your home (up to 25kw in Louisiana).
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Yesterday, in addition to passing the once-doomed Emergency Economic Stabilization Act of 2008, otherwise known as “the bailout,” the Senate and House did a very good thing: Lawmakers extended and modified the federal investment tax credit for residential and commercial solar energy development.
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Saturday, October 4th, 2008 at
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Solar In the News, Solar Tax Credits .
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