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Convert Your Home to Solar Energy and Receive Tax Credit

Solar energy technology harvests energy from the sun and converts it into thermal or electrical energy source. Solar power systems are often referred to as photovoltaic PV systems. These systems are clean and efficient alternative energy sources for the home. to use

Once technology energy from the sun is present, cost of fuel is always free and never subject to market fluctuations. In effort dependence on natural gas to reduce the US government offers tax breaks for private solar installations in existing home, install new construction, primary or secondary residence.

Convert Your Home to Solar Energy and Receive Tax Credit

Total kilowatts used on each electricity bill and divide by twenty-four to determine average monthly energy consumption. Calculate area Potential Solar Radiation Power. Use map supplied by National Renewable Energy Laboratory NREL Resource Assessment Program listed in resource section below to determine how much solar energy is likely available for your home.

Consider amount of energy used monthly and amount of solar radiation available to purchase appropriate number of photovoltaic panels. Download Guide to Renewable Energy from U.S. Department of Energy website listed in resource section below to determine number of panels required.

Contract professional to install panels, preferably when house is already being re-roofed. Download and fill out IRS Form 5695 from IRS website to apply for appropriate Energy Tax Credit and claim up to 30 percent for qualified expenditures.

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How to Convert Your Home to Solar Energy and Receive Tax Credit

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