Solar Panels - Tax Writeoff? - Page 2 - SailNet Community
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post #11 of 14 Old 11-28-2008
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tax deuction only works if you are rich

For a tax deduction to significantly reduce your taxes, you have to be paying a significant amount of making a significant amount of money. I don't even make enough money to pay much of anything in taxes. I the money I will be savign by adding wind and solar is a lot more than I could save in taxes

Last edited by wolfenzee; 11-30-2008 at 03:19 AM. Reason: additional info
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post #12 of 14 Old 11-29-2008
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Incentives, federal and by state. Not detailed; you will have to contact the listed agencies for the fine print.


Renewable Energy Maps and Incentive Sheets | RE-Powering America's Land: Renewable Energy on Contaminated Land and Mining Sites | US EPA

You may need to supply pro-forma documentation and photographic evidence of your installation. I received $3k cash from the State of Wyoming toward my residential solar PV. Money came from fines levied on gas and oil operation for environmental violations.

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post #13 of 14 Old 03-14-2009
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I live aboard my boat, I don't have a house (I don't see how that makes me a rich jerk?). In 2007 I successfully (and legitimately) claimed a federal tax credit for my solar panel installation. This turned what would have been tax owed, to a rebate - Yea!

I understand that for 2009 wind generators are now also include and you can get a tax credit for 30%, but you'll have to read the small print, it may only be valid if this is your PRIMARY residence.

The credit is for 30% of the full thing (system + installation costs). There may be a cap but this certainly didn't impact us on Footprint in 2007.

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Last edited by marinegirl405; 03-14-2009 at 04:30 PM. Reason: Clarified FEDERAL tax rebate.
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post #14 of 14 Old 04-19-2009
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This is really interesting. We are outfitting our vessel for eventual live-on as a primary residence. I have been replacing all lights with current regulated LEDs. The plans also include wind and solar with the goal to not be raliant on the generator or engine. We also will need to replace the engine driven refrig-freezer compressor with the new generation low power DC units. What about the new lower power consumption water-makers? How much of this can be claimed? What do I have to do to make it happen?

Here is a stretch - what about claiming new sails as energy saving devices?
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