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Does government offer any financial incentives?

April 26, 2017financial government incentives Offer

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Does government offer any financial incentives?

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Yes. The Governments of Barbados and St. Lucia allow tax deductions on the purchase of a solar water heater. The Barbados experience is that the national savings of energy far outweigh the value of the incentive given. When avoided green house emissions and environmental considerations are added, tax incentives make sense. Solar hot water systems are more efficient at converting solar energy to hot water than any other form. The reduction in fossil fuel helps the national economy.

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In 2008, the Georgia Legislature passed a state tax credit for solar systems. Federal tax credits are also available. You can visit www.dsireusa.org for a listing of available incentives. Homeowners should consult their tax advisor for the relevant information before installing a system.