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How much "stimulus" will come from the ITC extension?

Posted by Adam Sewall In Monday, January 5 2009 under: Solar Industry News, incentive, tax, Solar Homes, ITC, 2009, Cost and Financing

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.

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