Federal Solar Tax Credit

[Tadashi]

We got the news from a solar installation rep that congress was looking into changing the current $2k per system to $2k per KW federal tax credit. Can anyone verify this? He sent us the following links but I do not see anything in there about that other than to extend the 2005 bill.

http://www.seia.org/solarnews.php?id=135

http://waysandmeans.house.gov/hearings.asp...amp;hearing=549

[OlsonBW]

<div class='quotetop'>QUOTE(Tadashi @ Apr 25 2007, 12:59 PM) [snapback]430054[/snapback]</div>

We got the news from a solar installation rep that congress was looking into changing the current $2k per system to $2k per KW federal tax credit. Can anyone verify this? He sent us the following links but I do not see anything in there about that other than to extend the 2005 bill.

http://www.seia.org/solarnews.php?id=135

http://waysandmeans.house.gov/hearings.asp...amp;hearing=549
[/b]

Please post when you find out.

[zenMachine]

The Energy Improvement and Extension Act of 2008 would extend the 30% tax credit, which is due to expire at the end of the year, on the upfront cost of solar installations. With the 30% credit, solar cells can produce electricity for as little as 20 cents per kilowatt hour on residential rooftops, putting the cost of solar juice on par with grid electricity in states like California, where energy costs are high. The tax credit would be extended for commercial and utility-scale solar projects as well.

...A key provision of the legislation is the removal of a $2,000 cap on the tax credit for residential solar systems. By removing the cap, the average installed price of a 4 kilowatt home solar system would fall from $28,000 to $21,000, and make the solar business less reliant on state subsidies. "You're going to see national markets open up for residential solar," Resch said...

Sunny Day For Solar - Forbes.com

[tripp]

That's crackin' news. It's good to know that they extended the PTC as well, though for wind it's just for another year. However, for solar it's 8 and I assume that that covers CSP which means that the large number of CSP projects in the queue will probably go forward, assuming that the house and senate versions are easily reconciled.