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June 7, 201730% Solar Tax Credit Extended to 2021
On October 3rd, 2008, President George W. Bush signed, into law, the Emergency Stablization Act followed by President Barack Obama signing, into law, the American Recovery and Reinvestment Act of 2009 (ARRA) on February 17th, 2009.
The combined effect of these two laws provides up to a 30% tax credit on both the purchase and installation of qualifying products in renewable technologies such as; solar electric property, residential solar water heating, qualified small wind energy and qualified geothermal heat pump energy as well as others.
Under these laws VELUX Solar Powered Fresh Air Skylights as well as VELUX Solar Powered Blinds qualify under “Solar Electric Property” expenditures when purchased and installed from January 1, 2009 through December 31, 2021.
- 2009-2019 save 30% Federal tax credit
- 2020 save 26% Federal tax credit
- 2021 save 22% Federal tax credit
This tax credit is a direct debit of the taxpayers total tax liablity. For more information visit veluxusa.com/taxcredits