rebates

Rebates:
On October 3, 2008 the Federal Government extended the solar tax credits and
took the $2000 cap off of the residential tax credit.

Henry Dudley, owner of Open Shutter Gallery:
"When I figured it out, netting out the federal tax credit in the first year and
assuming about an 8 percent inflation rate for electricity, the cash on cash rate of
return winds up being about 6 percent. And that doesn't include any depreciation or
any other tax benefit. It's a lot better than money market funds today. Plus it's
something that is important
to both Margy and me. It
feels good to be one of the
businesses downtown doing
this. We wanted to be an
example for other people."

Rebates and Incentives at a glance:
Residential-30% federal income tax credit

Commercial-30% federal income tax credit plus 5 years depreciation on equipment

LPEA offers a $2.00 per watt rebate for PV systems. (Capped at $3000)