| Solar Pool Heating solutions can be applied to your home hot water heater as well. |
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Production levels of residential solar power has not yet reached the scale of fossil fuel power generation. Also attributing to this cost of residential solar power is the skill and technical abilities of people and efficiencies of solar powered homes. They are not yet competitive with fossil fuel power generation. That is why government support is needed. But the thing to keep in mind is that once the capital purchase and installation cost is paid, the only recurring expenditure is the replacement of storage batteries every few years. And the life of the solar panels that feed the solar home energy system is anywhere from 15 to 20 years.
However, both the federal and state governments offer tax credits to help make the installation of solar home energy systems attractive. A lot of people confuse tax credit with tax deduction which is a big mistake tax credit is always better. With tax credit you reduce your tax liabilities dollar for dollar for the credit amount. With a rebate you can only reduce your tax dues by a percentage of the assistance received.
The federal government offers tax credits for the following applications
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