Do You Know About Tax Credits for Energy-Saving Additions? Tax credits are available at 30 percent of the cost, with no upper limit through 2016 (for existing homes and new construction) for Solar Panels and Solar Water Heaters! This applies to both the hardware and the installation cost. Read more at EnergyStar.gov.. IRS Renewable Energy Tax Credit Besides the environmental benefits and the savings on your utility bill, the monthly costs of a financed solar Electric system are often lower than your typical monthly utility bills! You save money both ways! Read more...

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