Consumers who install solar energy systems (including solar water heating and solar electric systems), small wind systems, geothermal heat pumps, and residential fuel cell and micro turbine systems can receive a 30% tax credit for systems placed in service before December 31, 2016; the previous tax credit cap no longer applies. North Carolina also offers a 35% state tax credit for solar home systems with very high caps on the limits allowed. The total tax credits are 65% for home solar now, not including rebates & monies paid back to the homeowner by NC Green Power. Solar Home Systems are now affordable, and very reliable. As an award winning Asheville NC Custom Home Builder we encourage new homeowners to take advantage of solar & the tax credits allowed.
A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government. Advantage Development Co. is an Asheville NC Custom Home Builder and Certified Green Professional that embraces solar technology as a viable alternative energy source for new homes. Visit us today at http://www.advdevco.com/ to learn more about who we are and why we build better homes.