Understanding Free Solar Panels from the Government and Federal Tax Credits for Solar Power

Free solar panels from the government are now being offered by different countries worldwide. Leaders of different nations have obviously realized the benefits of using solar energy instead of non-renewable energy. Because of this, they came up with tax incentives, rebates, solar loan programs and even mortgage program to help and encourage people in using renewable energy that is not only cost-efficient but environment-friendly as well. Of course, there are standards and requirements to be met in order to qualify for these solar rebate programs.

The global crisis is being felt across different countries and people do what they can to make a difference. One way to do that is through cutting down on electric bills. However, not everybody who wants to use solar energy can afford solar panels. That is why a lot have started to take advantage of the free solar panels from the government. Aside from individual homeowners, many companies see a huge potential in investing on solar power ETF or exchange traded funds as well. It continues to show good signs of progress.

This is indeed a good news for many people. Not only can you get a free solar panel for your home, but you can also get a lot of privileges in using one. More and more companies are now able to take advantage of the different government incentives and are able to install a complete solar panel on your house for free.

How to avail?

The first thing that you need to do is to find out if there are related programs offered in your state. If there are, the next step to take is to know the requirements in order for you to qualify. Different states offer different incentives, programs and federal tax credits for solar power that may or may not include solar screens tax credit. Some solar programs would include weather proofing, solar panel installation, wind turbines and others.

Once you get the needed information, the next thing you need to do is contact an accredited renewable energy resource provider. They will be more than happy to provide you with estimates as well as free installations. You can learn the costs and projected energy savings from them as well. Make sure to consult a professional installer in filling out any forms or applications for the government incentives.

If you make your house solar-powered in 2010, you would be able to get the tax credit on your 2010 income taxes. Make sure to save your receipts and the Manufacturer’s Certification Statement. Submit Form 5695 with your taxes.

Are there other places that offer solar power users rebates and tax incentives?

Yes there are and you’ll get a lot of information on the internet to check out if your government has an existing program for solar power users. If you are a resident of Queensland or California, you’ll be happy to know that there is solar power rebate Queensland and solar power rebates California. Both residential and commercial customers receive rebates through the California Solar Initiative Program of (CSI)