Good News for our Solar Customers

As a result of the passage of the $700 billion emergency Economic Stabilization Act of 2008, the renewable energy industry has greatly benefited.

Federal tax credits are available as never before, with an 8 year extension. This allows our customers to plan and budget for new solar installations with the confidence that federal dollars are available to assist in the cost of the project.

The SEIA (Solar Energy Industries Association) says:

Federal Solar Tax Credits Extended for 8 Years, US Poised to Become Largest Solar Market in the World

This 30% Federal investment tax credit now applies also to residential installations, which in the past were limited to a $2000 cap. Homeowners can now move forward with confidence and expect handsome credits, no matter what their system size.

Another benefit of the new law is that Alternative Minimum Tax (AMT) filers are allowed to offset their taxes with the solar investment tax credit, which was not the case before.

Finally, there are still California solar rebates, in addition to the federal tax credit. So, if you are considering solar in the next few months, don’t hesitate to call us now for an evaluation of your project and the latest products to meet your needs.

You can find out more about the California Solar Initiative (CSI) at www.gosolarcalifornia.com and at our website www.fidelityroof.com

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