STATE CERTIFIED                                    LIC. CWC024565   CVC 56703

                          ALTERNATIVE  ENERGY  SPECIALIST

30% Tax Credit Opportunities For

  Solar And Energy Efficiency

The Energy Policy Act of 2005 (EP Act2005) is the first effort of the United States Government

  to address U.S. energy policy since the Energy Policy Act of 1992.  Among many other things,

  the 1724 page law provides new tax incentives for a number of solar and energy efficiency

  measures.  Among them are:     

          SOLAR HOT WATER HEATING SYSTEMS           

An Important Distinction

  There is an important difference between a tax deduction and a tax credit.  A Tax Deduction is

  subtracted from income before total tax liability is computed.  On the other hand a Tax Credit is

    subtracted directly from the total tax liability.  This means that a deduction and a credit have

    very different values, with a credit being 3 more times more advantageous to the taxpayer than

    a deduction.  For example, a tax credit of $1,000.00 for someone in the 28% tax bracket is

    equivalent to a tax deduction of $3,571.00.

                                    For Solar Hot Water systems, the allowable tax credit is 30% of

                                    the qualified solar system expenditures up to a maximum tax credit

                                    limitation of $2,000.00.

To be eligible for the Solar Hot Water System Tax Credit, the system must be certified by the

    SOLAR AND CERTIFICATION (SRCC) and produce 50% or more of the hot water needed

    by the residence.

    New Homes
  This provision offers home builders a tax credit of $2,000 for homes that reduce energy use for

  heating and cooling only (not hot water) by 50% compared to the national model code — the 

  2004 IECC Supplement (assuming an SEER-13 air conditioner). Producers of manufactured 

  homes can also choose to qualify for a tax credit of $1,000 for homes that save 30%. This

$1,000 credit for reaching 30% savings is not available for site built homes, which must reach the

    50% savings tier to qualify for the $2,000 credit

    Eligible homes must demonstrate savings using software that has been approved by DOE and

    builders must demonstrate compliance by the use of third-party inspectors certified DOE rules.

"When The Sun Rises On Your Home, Let The Energy Outlet Put It To Work For You"

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