Will I really get 30% of my Money back?
(On Everything I spend on Solar and Wind?)
YES! Not only that, but “On everything” means Batteries, mounting, wiring, labor, all misc. parts and installation costs, etc. Every penny of the “total cost” to get your solar electric, solar hot water, or wind power up and running on your RV, home or cabin. That $ 300 Solar Kit you're thinking of getting will really only end up costing you $ 210 or less.
How exactly do I get my money back?
You'll get it back from Uncle Sam as soon as you file your taxes for the year. Just save all your receipts and show your tax preparer or get the form at the end of this article. Just fill out form 5695 and enter the amount on your income tax form. This is not a tax deduction. This is a credit, dollar for dollar from what you owe. Like cash in your pocket, and if you have more credit than tax, it carries forward up until the end of 2016.
Do RVs qualify to get the credit?
YES again. The IRS considers your RV a “second home” if you also own a primary residence. I'm surprised at how many folks I speak to about solar for their RVs that did not know they'd get 30% of their money back. I can say from experience, RV people LOVE discounts, and this is hard to beat. That's a huge savings, not to mention all the other benefits and savings of solar and wind power
Why is 30% the minimum? Can I get more than that?
YES, because every state has its own set of rebates and incentives too. On top of the federal 30% and the state credits, even many counties and local utilities have additional programs to get money back. (Louisiana is the best. If you live there, you'll get an extra 50%! If that 80% credit is more than you owe, they send you a check for the difference!)
Can I save even more ??
YES! Lots more. Hopefully this information will open your eyes to the true low cost of getting and using clean, free alternative energy. But there's still more. The solar or wind system you install has instrumental value. The value of all the free energy you'll get for over 25 years, maintenance free, will add up to much more than you spend, and has a fantastic ROI, (return on investment.) Not only will you keep on saving money for many years, but the inherent dollar value of the equipment itself immediately increases the value of your home, RV, or boat, or cabin.
To Check your State for the extra savings in your area, go here and just click on the map where you live http://www.dsireusa.org/