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re: Solar thread (yes, energy from the sun)
Posted on 4/8/14 at 3:08 pm to Jimmy2shoes
Posted on 4/8/14 at 3:08 pm to Jimmy2shoes
Ok so, 30K to 35K upfront cost.
Then minus 30% from the government, so lets say 10K.
Then $12,500 from the state as per the limt...
So in the end we are looking at putting up 32.5K upfront, and getting 22.5K back after taxes? I assume it's a tax credit the following year?
Then minus 30% from the government, so lets say 10K.
Then $12,500 from the state as per the limt...
So in the end we are looking at putting up 32.5K upfront, and getting 22.5K back after taxes? I assume it's a tax credit the following year?
1
Posted on 4/8/14 at 3:19 pm to Clyde Tipton
Under that example, with today's active rebates, that's correct.
If you were a homeowner getting an install on your home, I'd recommend capping your expenses at 25k so hat you are maximizing your credits.
If you were a homeowner getting an install on your home, I'd recommend capping your expenses at 25k so hat you are maximizing your credits.
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