Skip to main content
Contact Us
Pay Online
Renewables
Home

AEC OFFICE: 951-763-4333

TO REPORT AN OUTAGE CALL: 951-763-4333

Menu
  • About Us
    • Electrical Service Territory Map
    • About Touchstone Energy
    • Articles of Incorporation
    • Bylaws
    • Call Before You Dig
    • Cooperative Principles
    • Contact Us/Days We're Closed
    • History
    • Mission Statement
    • Power Content Label
    • Service Territory/Board Districts
    • Non-Discrimination Statement
    • What is an Electric Cooperative?
    • Why Does My Power Go Out?
    • 501(c)12 Information
    • Employment
  • Our Board
    • Board Minutes
  • Member Services
    • Start/Stop Service
    • HEAP Assistance
    • Assistance - Utility
    • Assistance - Various Types
    • Kill-A-Watt Program
    • My Account
    • Power Cost Adjustment
    • Rates
    • Request Forms
    • Co-op Connections
    • Is there Life Support Equipment in your home?
  • Energy Solutions
    • Energy Audit
    • Energy Savings Guide
    • Renewables
      • Net Metered Renewable Energy
      • Renewable Tax Credits
      • Efficiency Tax Credits
    • SunAnza
    • Together We Save
    • Net Metering/Distributed Generation Rate
  • Community
    • Co-op Connections Savings Program
    • Co-op Healthy Savings
    • Operation Round Up
    • Prescription Discount
    • Washington Youth Tour
    • News & Events
    • Safety
  • Capital Credits
    • What are Capital Credits?
    • Capital Credit Estates
    • Unclaimed Capital Credits
  • FAQ
  • Resources
    • Bill Inserts
    • Currents Magazine
    • Electrical Safety
    • Links
  • ConnectAnza
    • What is ConnectAnza
    • ConnectAnza Products and Pricing
    • Sign up for Internet Service
    • CTF Information
    • ConnectAnza Policies
    • Need more battery back-up?
    • Internet and Phone Service Outage Map
    • ConnectAnza Contract
  • Electrify Anza
    • Electrify Anza

Renewable Tax Credits

A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the "placed in service" date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The excess credit may be carried forward until 2016, but it is unclear whether the unused tax credit can be carried forward after then. The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below.

Solar-electric property

  • There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service before January 1, 2009.
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016.
  • The home served by the system does not have to be the taxpayer’s principal residence.

Solar water-heating property

  • There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service before January 1, 2009.
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016.
  • Equipment must be certified for performance by the Solar Rating Certification Corporation (SRCC) or a comparable entity endorsed by the government of the state in which the property is installed.
  • At least half the energy used to heat the dwelling's water must be from solar in order for the solar water-heating property expenditures to be eligible.
  • The tax credit does not apply to solar water-heating property for swimming pools or hot tubs.
  • The home served by the system does not have to be the taxpayer’s principal residence.

Fuel cell property

  • The maximum credit is $500 per half kilowatt (kW).
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016.
  • The fuel cell must have a nameplate capacity of at least 0.5 kW of electricity using an electrochemical process and an electricity-only generation efficiency greater than 30%.
  • In case of joint occupancy, the maximum qualifying costs that can be taken into account by all occupants for figuring the credit is $1,667 per 0.5 kW. This does not apply to married individuals filing a joint return. The credit that may be claimed by each individual is proportional to the costs he or she paid.
  • The home served by the system must 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 0.5 kW, not to exceed $4,000, for systems placed in service in 2008.
  • Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016.
  • The home served by the system does not have to be the taxpayer’s principal residence.

Geothermal heat pumps

  • There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service in 2008.
  • Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016.
  • The geothermal heat pump must meet federal Energy Star criteria.
  • The home served by the system does not have to be the taxpayer’s principal residence.

For more information visit:

www.dsireusa.org

Back to Top

Quick Links

  • Contact Us
  • About Us
  • Our Board
  • Privacy Policy
  • Member Services

kids-energy-zone.png

tws-1.jpg

Follow Us Online

©2023 Anza Electric Cooperative, Inc. All Rights Reserved.

  • About Us
    • Electrical Service Territory Map
    • About Touchstone Energy
    • Articles of Incorporation
    • Bylaws
    • Call Before You Dig
    • Cooperative Principles
    • Contact Us/Days We're Closed
    • History
    • Mission Statement
    • Power Content Label
    • Service Territory/Board Districts
    • Non-Discrimination Statement
    • What is an Electric Cooperative?
    • Why Does My Power Go Out?
    • 501(c)12 Information
    • Employment
  • Our Board
    • Board Minutes
  • Member Services
    • Start/Stop Service
    • HEAP Assistance
    • Assistance - Utility
    • Assistance - Various Types
    • Kill-A-Watt Program
    • My Account
    • Power Cost Adjustment
    • Rates
    • Request Forms
    • Co-op Connections
    • Is there Life Support Equipment in your home?
  • Energy Solutions
    • Energy Audit
    • Energy Savings Guide
    • Renewables
      • Net Metered Renewable Energy
      • Renewable Tax Credits
      • Efficiency Tax Credits
    • SunAnza
    • Together We Save
    • Net Metering/Distributed Generation Rate
  • Community
    • Co-op Connections Savings Program
    • Co-op Healthy Savings
    • Operation Round Up
    • Prescription Discount
    • Washington Youth Tour
    • News & Events
    • Safety
  • Capital Credits
    • What are Capital Credits?
    • Capital Credit Estates
    • Unclaimed Capital Credits
  • FAQ
  • Resources
    • Bill Inserts
    • Currents Magazine
    • Electrical Safety
    • Links
  • ConnectAnza
    • What is ConnectAnza
    • ConnectAnza Products and Pricing
    • Sign up for Internet Service
    • CTF Information
    • ConnectAnza Policies
    • Need more battery back-up?
    • Internet and Phone Service Outage Map
    • ConnectAnza Contract
  • Electrify Anza
    • Electrify Anza