SMUD Rebates, Tax Incentives, Solar Homes
SMUD Rebates Energy Incentives
When it comes to information about energy tax incentives and if your California-based company qualifies, your best source of quality information will come to you from your certified public accountant. Until recently, the federal tax code overwhelmingly favored commercial (over residential) ownership of PV systems. Through December 31, 2008, the homeowner’s investment tax credit (ITC) of 30% was capped at $2,000; whereas the commercial ITC had no upper limit. For all but the smallest PV systems, this created a significant advantage for commercially owned systems. However, the Emergency Economic Stabilization Act of 2008 removed the $2,000 residential cap as of January 1, 2009.