The American Recovery and Reinvestment Act of 2009
Residential Renewable Energy Tax Credit
Last DSIRE Review: 02/19/2009
Incentive Type: Personal Tax Credit Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric Technologies Applicable Sectors: Residential Amount: 30% Maximum Incentive
Solar-electric systems placed in service after 12/31/08: no maximum
Solar water heaters placed in service after 12/31/08: no maximum
Wind turbines placed in service after 12/31/08: no maximum
Carryover Provisions:Excess credit may be carried forward to succeeding tax year
Solar-electric property - 30% tax credit
- There is no maximum credit for systems placed in service after 2008.
- Systems must be placed in service from January 1, 2006, through December 31, 2016.
- The home served by the system does not have to be the taxpayer’s principal residence.
Small wind-energy property
- There is no maximum credit for systems placed in service after 2008. The maximum credit is $500 per half kilowatt, not to exceed $4,000, for systems placed in service in 2008.
- Systems must be placed in service from January 1, 2008, through December 31, 2016.
- The home served by the system does not have to be the taxpayer’s principal residence.
Significantly, The American Recovery and Reinvestment Act of 2009 repealed a previous limitation on the use of the credit for eligible projects also supported by "subsidized energy financing." For projects placed in service after December 31, 2008, this limitation no longer applies.
All information above was provided by DSIRE. Database of State Incentives for Renewables and Efficiency.
Please visit "DSIRE" with this link below to get a full description of rebates available in NV.
Renewable Generations is the incentive program from NV Energy that helps customers across Nevada save money and protect the environment by helping to offset the installation costs of renewable energy systems. RenewableGenerations has three components:
- SolarGenerations offers rebates to customers for installing photovoltaic systems on their homes, small businesses, public buildings, or schools
- WindGenerations offers rebates to customers for installing wind generating systems on their homes, small businesses, agricultural properties, public buildings, or schools
- HydroGenerations offers rebates to customers for installing hydro generating systems on their agricultural property
