Energy Saving Tax Credit 2010

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energy saving tax credit 2010
Would this apply for a company building a home with solar panels?

I am doing a research paper regarding building energy efficient homes in New Jersey. In a recent article I read:

“For solar power, New Jersey residents could save almost half the cost of installing solar panels on their houses thanks to the plan. As outlined by the stimulus package, there’s a 30 percent tax credit or grant that is available to anybody who installs solar panels through the end of 2010.”

Does anyone know if this would apply to a company building a house with solar panels?
in other words, if a company built homes that come with solar panels arleady installed, could they recieve money from the gov’t… (or tax credit, im not really sure what that is though)

Thanks and please list sources if you have any

This is an individual incentive. The benefit to a company is they are paid to add this value to the home resulting in increased revenue. It may apply to a new home buyer-buying a new solar panel equipped home,but this is not clear.

2010 Energy Tax Credit Made Easy



One Comment

  1. Posted April 28, 2012 at 12:11 pm | Permalink

    clearly, the hotter the water, the more you save.i don’t unrnestadd why that would be a question.when you use cold water, do the dishes come out clean?many washers don’t heat the water — the heating coils are only used in the dry cycle.you’d probably not want to use water directly from the solar panels.you’d get a little hot water, and the rest cold — it wouldn’t have time to heat.you want a tank so that the water can continuously circulate and gather energy all day.that would work far better.considering how expensive it is to heat water, i’m a big fan of solar hot water.

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