With the new year comes revised tax rules for individuals who purchase PV solar systems. In short, the residential investment tax credit (ITC) is no longer constrained by a $2,000 cap. This means that buyers can take a credit worth the full 30 percent of final project costs, which includes the PV modules, mounts, wiring, the inverter and labor. In effect through the end of 2016, the new rules bring some certainty to the solar market -- and make it easier for buyers to finance the purchase of a PV system.
Happy New Year! As we look forward in 2009 to a new administration and speculate on what changes we'll see in the solar marketplace this coming year, we have to take into account what has gone before. 2008 was a year of big news: the US economy crashed spectacularly from its more than decade-long high, we voted in a serious regime change in November, our strategy in Iraq officially changed from persistence to planned withdrawal, energy prices skyrocketed, and tantalizing advances in solar research were announced (cylindrical thin-film, paint-on, and printable organic solar cells, among them).