Are there any public incentives available to reduce the cost of a solar water heater?
A. Yes. There is a federal tax credit available to help lower the final cost. It is 30% of the cost with a maximum limit of $2,000 and is scheduled to expire at the end of 2008. If the water heating system is used in a business then there is no limit or cap and accelerated depreciation (MACRS) can also be used to reduce the financial impact.
Related Questions
- Our outsourcing deal includes incentives for the vendor to reduce the overall cost to us (the buyer). How do we make sure the vendor will do that when reducing our costs means billing less?
- Are there any public incentives available to reduce the cost of a solar water heater?
- What are the financial incentives available to reduce the cost of PV?
