Thanks to new legislation, the federal tax credit is increased to 30% of your solar installation’s price.What’s more, you can can now wither take it as a federal income tax credit, or as a tax refund, or sell it. (You’ll need to include form 5695 with your Federal Tax return. ) Also, thanks to that new legislation, you can now take 30% on backup batteries as well, provided you either install them with your solar panels or have them retrofitted up to a year later. USDA REAP program – Grants up to 25% of total installation cost for farms or small businesses located in areas of less than 50,000 population USDA High Energy Cost Federal Grant Program – Grants of up to $5 million. IRS Residential Energy Conservation Subsidy Exclusion – 100% subsidy for energy efficient improvements, including solar, to single- and multi-family residences Residential Energy Efficient Tax Credit – Federal Energy Incentive – Up to $1500 for residential energy efficiency improvements including solar. The Modified Accelerated Cost Recovery System (MACRS) lets businesses depreciate solar equipment over just five years.
Turn off any electric ovens, ranges or space heaters you may have been using.
Unplug sensitive home electronics that surges can damage when the power returns.
Stay clear of downed power lines or electrical equipment where there’s standing water.
Prevent possible fires by using flashlights instead of candles.
Don’t use gas ovens or ranges to heat your home.
In winter, keep your home as warm as possible by closing off unused rooms and not opening any doors unless you need to.
Keep your refrigerator and freezer cold by keeping them closed.
Protect your family from exhaust fumes by never, ever, running a generator inside your home, basement or any other indoor space.
WHAT TO DO BEFORE A POWER OUTAGE
Why not call 866-688-4274 or click here to learn how a Milestone Solar system with a sealed, maintenance-free battery backup can power your essential appliances during a blackout, day or night. You’ll get straight facts and honest answers (never salesmanship and hype) about whether solar is right for your home or business.