Solar In the News:
| Solar Source Institute received Licensure by the Florida Department of Education |
| On July 27, 2009, the FL Dept. of Education’s Commission for Independent Education (CIE) voted unanimously to approve Solar Source Institute as the State’s first stand-alone solar renewable training school. | |
| Read more... |
| Federal Incentives |
Federal Tax Credit Update - April 7, 2009Federal Tax Credit Update: Please be advised that the federal tax credit changes affecting solar allow a grant in lieu of a credit for the business investment tax credit only, and not the residential tax credit. Residential customers will continue to be eligible for the solar tax credit through 2016. Businesses are eligible for the tax credit in the form of a grant for 2009 and 2010 only; thereafter the grant reverts to a credit through 2016. There was some confusion shortly after the tax credit changes were made that the grant provision applied to both residential and business customers. This is not the case. As such, residential customers will only benefit from the tax credit if they have a federal tax liability.Federal Stimulus PackageAmerican Recovery and Reinvestment Act Key Provisions Benefiting the Solar Energy IndustrySEIA Executive Summary Additional Links & ResourcesVisit the IRS website for information on federal tax credits.5-Year Accelerated Depreciation Schedule The federal Internal Revenue Code (IRC) has special depreciation provisions for solar systems. They can be depreciated on a 5-year accelerated schedule, or on the regular depreciation schedule. The depreciable basis is calculated as the system cost minus one-half of any federal tax credit, or 85% of the system cost. These provisions are found in IRC section 179. Eligibility for the above solar incentive vary from individual to individual. Please consult your tax advisor regarding your system-specific eligibility. U.S. Dept of Energy Energy Star Tax Incentives Assistance Project (TIAP) |
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Solar Source is State licensed, insured up to $3 million and fully bonded. License #CV C056646
Commercial & Residential Solar Heating in Tampa Bay, Clearwater, St. Petersburg, Florida.
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Solar Source is State licensed, insured up to $3 million and fully bonded. License #CV C056646
Commercial & Residential Solar Heating in Tampa Bay, Clearwater, St. Petersburg, Florida.
Site design by www.logodynamo.com