Friday, February 27, 2009

Stimulus Bill Good News for Solar Thermal

Whatever your opinion of the latest government bailout plan, it's good news for you if you're thinking about investing in a solar water heating system for your home. A provision in last week's stimulus package lifts the $2,000 cap on tax incentives for residential solar hot water.

Homeowners are now eligible for a full 30% federal tax credit on solar thermal installations, regardless of the total cost of the system.

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