*Taxpayers claiming a tax credit should consult a tax professional with any questions.
Take advantage of a Federal Tax Credit on all your Solar Star purchases. Read our list of Frequently Asked Questions below and consult with a tax professional for eligibility requirements.
FAQ About the Federal Tax Credit for Residential Solar Energy Systems: Photovoltaic System
What is the Emergency Stabilization Act of 2009?
On October 3, 2008, George W. Bush signed the Emergency Stabilization Act of 2009, which extended the credits available for solar-powered energy systems and expanded the qualifying product requirements. This allows for a 30% tax credit on the purchase and installation of residential solar water heating, photovoltaic equipment, and fuel cell property.
Essentially, this means there are three main areas of 30% tax credit available:
What Solatube products are eligible for the Federal Tax Credit?
Solar Star® Attic Fans, both roof mount and conversion kits, qualify for the category solar energy systems: photovoltaic systems, under the definition below:
“Property that uses solar energy to generate electricity for the residence and must meet applicable fire and electrical code requirements.”
There are no specific technical requirements for photovoltaic systems. But all installed Solar Star Attic Fans must meet applicable fire and electrical code requirements to qualify.
What Solatube products are not eligible for the photovoltaic systems tax credit?
The following products do not qualify for this tax credit:
What are the tax incentives for Solar Star Attic Fans?
Homeowners are eligible for tax credits for qualified photovoltaic systems purchased and installed between January 1, 2009 and December 31, 2016*.
What is the amount of the tax credit the homeowner is eligible to receive?
For solar photovoltaic (PV) systems, the allowable tax credit is 30% of the qualified PV system expenditures, including both product and installation costs.
What is the maximum amount of cost on which the credit can be figured?
There is no credit cap for residential photovoltaic (PV) systems placed into service after December 31, 2008.
Does the qualifying unit need to be installed in the homeowner’s primary residence?
Unlike other consumer energy tax incentives, the dwelling does not need to be the primary residence (rental properties and second homes are eligible) and applies to both existing homes and new construction.
What is the difference between a tax deduction and a tax credit?
A tax deduction is subtracted from income before total tax liability is computed. On the other hand, a tax credit is subtracted directly from the total tax liability.
What does the homeowner need to claim the tax credit?
To qualify, tax payers should retain information that includes:
Where can the homeowner get the Solar Star Manufacturer Certification Statement?
Click here to download the Solar Star Manufacturer Certification Statement. It is also available at:
Are the Solar Star DIY kits eligible?
Yes, Solar Star Attic Fan DIY Kits – both roof mount and conversion kits – are eligible, as long as they meet the qualifying criteria and all applicable fire and electrical code requirements.
Are Solar Star products eligible even though they aren’t ENERGY STAR® rated?
An ENERGY STAR® rating is not required for the photovoltaic system tax credit eligibility program.
Where do homeowners go for the IRS form?
Use the IRS Form 5695.
Are there local incentives for my county and/or city?
Many local utilities provide financial incentives for energy-efficient products. To find out if rebates or incentives are available in your area, visit the ENERGY STAR rebate finder at www.energystar.gov.
For additional information please visit your state energy office website for specific state tax information or go to www.dsireusa.org/ the database of State Incentives for Renewables and Efficiency.
*Disclaimer: Solatube International and Daylight Concepts, LLC are not tax advisors. Taxpayers claiming a tax credit should consult a tax professional with any questions. Solatube International and Daylight Concepts, LLC are not responsible or liable for the taxpayer’s ability to receive tax credits. This document is not intended to constitute legal or tax advice. More comprehensive information will be made available by the IRS.
The user maintains the full and complete responsibility to comply with all codes, laws and regulations applicable to the safe and proper use, handling and installation of the product and should consult with a professional for all construction and design-related questions. The information contained herein is believed to be accurate as of the time of preparation. However, Solatube International and DaylightConcepts, LLC make no warranty concerning the accuracy of this information.